critical-minerals-hub critical-minerals-hub critical-minerals-hub
The Coal Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
The Coal Hub
No Result
View All Result
Home Coal Prices

China coke plants fight back with $15/t coke price hikes

Editor by Editor
4 years ago
Reading Time: 2 mins read
Share on FacebookShare on TwitterShare on Linkedin

After enduring a tumble of Yuan 800/tonne ($122.1/t) in their domestic coke prices over the past five weeks, Chinese coke makers are now pushing back against the steel mills. The independent merchant coke producers are started to press for a raise of at least Yuan 100/t, citing the high margins the steelmakers are enjoying, against the heavy cost pressure they’re facing in their coking operations.

RELATED POSTS

World-coal-market

World coal market: brief overview

5 days ago
Measures-to-support-Russian-coal-industry

Putin approves measures to support Russian coal industry

5 days ago
Russian-coal

Explosion at Yakutugol’s washing plant in Neryungri

2 weeks ago

Leading coking plants in North and East China including many in Shanxi, Hebei and Shandong provinces have notified their clients they are adding Yuan 110/t to their prices of dry-quenching coke and Yuan 100/t to wet quenching coke prices from April 6, according to sources.

These makers justified their decisions on the notable improvement in coke sales, arguing that in contrast to the climb in steel margins, the coking margin has narrowed significantly. However, as of the afternoon April 6, Mysteel Global had not heard of any steel mill conceding to the adjustment.

As of April 6, Mysteel’s composite coke price had declined Yuan 48.1/t on week to Yuan 2,047/t including the 13% VAT, a six-month low. As recently as February 18, the price had reached an over 12-year high after the domestic coke makers had succeeded in raising prices steadily upwards by a total of Yuan 1,000/t since mid-August last year, as reported.

According to Mysteel’s latest surveys conducted on April 1, the steady climb in total coke stocks since early February at the 230 Chinese independent coking plants tracked nationwide in the sample had ceased. As of last Thursday, the inventories had dropped 4% on week to 1.5 million tonnes, while those at the 110 surveyed steel mills edged down 1% on week to 4.9 million tonnes, as reported.

Chart: Mysteel’s survey on coke stocks at coking plants and steel mills

Mysteel’s survey on coke stocks at coking plants and steel mills

Source: Mysteel

As of April 1, the average coking margin of the 30 independent coke makers Mysteel checks weekly had fallen by another Yuan 135/t on week to Yuan 330/t, a low since September 18 2020. The same day, Mysteel’s assessed margin for rebar (blast furnace- produced) had increased by Yuan 122/t on week to Yuan 977.3/t.

Nevertheless, some analysts have little confidence that the higher coke price will materialise.

“I think the strategy of the (domestic) coking plants is just to stop coke prices from declining further, rather than attempting to force the steelmakers to concede to pay higher prices,” a Shanghai-based analyst said, adding that China’s coke supply remains sufficient for current demand.

A source in Shanxi agreed. “There is no sign of rising procurement from domestic steel mills yet, particularly from those in Tangshan since the city started production cuts for air pollution reduction in late March,” he observed.

Source: Sean Xie & Russ McCulloch

Follow on Twitter:

[tfws username=”MysteelGlobal” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]

Tags: China coke plantsChina coke price hikesMySteel Global
Editor

Editor

Related Posts

World-coal-market
Coal Demand

World coal market: brief overview

5 days ago
Measures-to-support-Russian-coal-industry
Coal Demand

Putin approves measures to support Russian coal industry

5 days ago
Russian-coal
Coal Production

Explosion at Yakutugol’s washing plant in Neryungri

2 weeks ago
Russian-coal
Coal Production

Kuzbass coal production down 4.5% in Jan-Mar 2025

2 weeks ago
power-generation
Coal Demand

India’s coal fired generation surges in March

3 weeks ago
Elga-rail-line
Coal Demand

Elgaugol launches construction of second railroad line

4 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Russian-coal

Kuzbass coal production down 4.5% in Jan-Mar 2025

May 12, 2025
Elga-rail-line

Elgaugol launches construction of second railroad line

April 26, 2025
World-coal-market

World coal market: brief overview

May 19, 2025

Recent Post

World-coal-market

World coal market: brief overview

May 19, 2025
Measures-to-support-Russian-coal-industry

Putin approves measures to support Russian coal industry

May 19, 2025
Russian-coal

Explosion at Yakutugol’s washing plant in Neryungri

May 12, 2025
Russian-coal

Kuzbass coal production down 4.5% in Jan-Mar 2025

May 12, 2025
power-generation

India’s coal fired generation surges in March

May 5, 2025
Elga-rail-line

Elgaugol launches construction of second railroad line

April 26, 2025

The Coal Hub is an online platform for sharing analysis and information about the global coal market  more info

Categories

  • Coal Market Outlook
  • Coal Trade
  • Met / Coking Coal
  • Coal Fired Generation
  • Coal Regions
  • Climate & Technology
  • Economic Impact
  • Petcoke

Recent Posts

World coal market: brief overview

Putin approves measures to support Russian coal industry

Explosion at Yakutugol’s washing plant in Neryungri

Energise your Monday!

Sign up to receive our weekly newsletter (each Monday) with new coal market reports, presentations & analysis.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 TheCoalHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 TheCoalHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.