The Coal Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • 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
2 years ago
min read2 min
China coke plants fight back with $15/t coke price hikes
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

StableCoin

Russia considers launching stablecoins to settle export supply payments

3 days ago
World-coal-market

World coal market: brief overview

3 days ago
Pacific coal prices retain record premium over Europe

Pacific coal prices retain record premium over Europe

4 days 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:

Tweets by "MysteelGlobal"
Tags: China coke plantsChina coke price hikesMySteel Global
Editor

Editor

Related Posts

StableCoin
Coal Demand

Russia considers launching stablecoins to settle export supply payments

3 days ago
World-coal-market
Coal Demand

World coal market: brief overview

3 days ago
Pacific coal prices retain record premium over Europe
Coal Prices

Pacific coal prices retain record premium over Europe

4 days ago
Global coal consumption: not dead (yet)?
Coal Demand

Global coal consumption: not dead (yet)?

5 days ago
Coal-production-in-Kuzbass
Coal Demand

Coal production in Kuzbass down 8% in 2022

1 week ago
World-coal-market
Coal Demand

World coal market: brief overview

1 week ago

Leave a Reply Cancel reply

Your email address will not be published.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

No Result
View All Result

Trending Posts

World-coal-market

World coal market: brief overview

January 27, 2023
Chinese coal production up 9% in 2022

Chinese coal production up 9% in 2022

January 20, 2023
World-coal-market

World coal market: brief overview

January 13, 2023

Recent Post

StableCoin

Russia considers launching stablecoins to settle export supply payments

February 3, 2023
World-coal-market

World coal market: brief overview

February 3, 2023
Pacific coal prices retain record premium over Europe

Pacific coal prices retain record premium over Europe

February 2, 2023
Global coal consumption: not dead (yet)?

Global coal consumption: not dead (yet)?

February 1, 2023
Coal-production-in-Kuzbass

Coal production in Kuzbass down 8% in 2022

February 1, 2023
World-coal-market

World coal market: brief overview

January 27, 2023

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

Recent Posts

Russia considers launching stablecoins to settle export supply payments

World coal market: brief overview

Pacific coal prices retain record premium over Europe

Energise your Friday!

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

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

© 2020 TheCoalHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login

© 2020 TheCoalHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise your Friday!

Interested in coal markets? Do you want our free email each FRIDAY with at least 3 new COAL reports & presentations?

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?