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’s coking coal makers and users disagreeing on prices

Editor by Editor
2 years ago
min read2 min
coking coal
Share on FacebookShare on TwitterShare on Linkedin

After eight rounds of rises in China’s domestic coke prices since mid-April, the ninth round of a Yuan 120/t ($18.7/t) increment proposed by coke producers in North and East China has faced resistance from some domestic steel mills, with some end-user in Hebei of North China even requesting for a cut by the same degree, citing the domestic steel price slumps recently.

RELATED POSTS

Coal-production-in-Kuzbass

Coal production in Kuzbass down 8% in 2022

3 days ago
World-coal-market

World coal market: brief overview

3 days ago
Australia cracks down on coal miners with price cap

Australia cracks down on coal miners with price cap

3 days ago

Some Tangshan-based steel plants in Hebei have already taken the action, announcing a coke procurement price cut by Yuan 120/t since May 24, while steel plants in East China, also a key steelmaking region in China, have decided to stand on the sidelines, closely monitoring the market situation, said a Shanghai-based market watcher.

Despite the seesawing, by May 24, China’s national composite coke price under Mysteel’s assessment still touched its highest since September 8 2008, or up Yuan 116.2/t on week to Yuan 2,792.6/t including the 13% VAT, while in contrast, the country’s national price of the HRB400E 20mm dia rebar dived Yuan 661/t on week to 5,165/t including the 13% VAT, or have lost all the gains over May 6-12.

Some Chinese coke producers have shown their hard stance against the request for lower coke prices by the domestic steel mills, especially when supply has remained tight, market sources shared. “Our company’s coke supply has been unable to meet demand,” a coking company in North China’s Shanxi stated in a notice to its customers that has been circulated in the market on May 24, confirming that all its customers had agreed on the Yuan 120/t increment.

China’s soaring coke price has also been backed by the high coking coal prices, a Shanghai-based analyst pointed out, as “China’s domestic coking coal supply has stayed tight, and coking coal imports either by water, or by truck from Mongolia, have hovered low,” he said.

On May 24, China’s national composite coking coal price rose another Yuan 25.5/t on week to Yuan 1,361.9/t including the 13% VAT, hitting a new high since Mysteel commenced the price assessment on April 5 2018.

To those that are seeking coke price cuts, the Shanxi coke company, thus, would simply suspend supplies, and a total increment of Yuan 220/t will be imposed on them should they change their mind later, according to the company.

“Coke supply tightness has eased to some extent, as coke producers in Shanxi have been ramping up their output since early May after the completion of the environmental protection checks,” a second Shanghai-based analyst said, but coke stocks at some of the domestic steel mills have persisted low, he noted. Nevertheless, some steel mills would rather wait a while longer to see where the market goes, according to him.

As of May 20, total coke inventories at China’s 110 Chinese steel plants under Mysteel’s weekly survey approached its four-month low, reaching 4.2 million tonnes or being sufficient for 12.9 days of use.

Source: Sean Xie, Hongmei Li 

Tags: coking coalcoking coal prices
Editor

Editor

Related Posts

Coal-production-in-Kuzbass
Coal Demand

Coal production in Kuzbass down 8% in 2022

3 days ago
World-coal-market
Coal Demand

World coal market: brief overview

3 days ago
Australia cracks down on coal miners with price cap
Coal Prices

Australia cracks down on coal miners with price cap

3 days ago
Russian-coal-imports
Coal Demand

China sharply increased Russian coal imports in 2022

1 week ago
World-coal-market
Coal Demand

World coal market: brief overview

1 week ago
Chinese coal production up 9% in 2022
Coal Demand

Chinese coal production up 9% in 2022

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

EU-coal

EU coal’s steep discount to Pacific suggests muted demand

January 13, 2023
Russian-thermal-coal

Russian thermal coal exports to India surged 3.5-fold in 2022

January 13, 2023
coal-EU

New trading firm Panem to supply Kazakh coal to EU

January 13, 2023

Recent Post

Coal-production-in-Kuzbass

Coal production in Kuzbass down 8% in 2022

January 27, 2023
World-coal-market

World coal market: brief overview

January 27, 2023
Australia cracks down on coal miners with price cap

Australia cracks down on coal miners with price cap

January 27, 2023
Russian-coal-imports

China sharply increased Russian coal imports in 2022

January 20, 2023
World-coal-market

World coal market: brief overview

January 20, 2023
Chinese coal production up 9% in 2022

Chinese coal production up 9% in 2022

January 20, 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

Coal production in Kuzbass down 8% in 2022

World coal market: brief overview

Australia cracks down on coal miners with price cap

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?