Mysteel Coking Coal: Port spot coke market remains stable for now

February 6, Mysteel Coking Coal and Coke: The port spot market for coke is currently stable. The domestic spot trading atmosphere is moderate, with trade volumes at both ports slightly lower than the previous working day. Total inventories at both ports are roughly stable compared to the previous day. Rizhao Port 46 flat, Qingdao Port 75 flat, with total inventories at both ports increasing by 1 compared to last week. Future trends will depend on downstream steel mills’ profit levels, changes in coking coal costs, and market sentiment in futures trading, which may influence port coke prices. The current prices for various types of coke at ports are as follows:
Trade spot cash-out:

• Quasi-Grade (Wet Quench) Coke: 1,480 RMB/ton (-)
• Quasi-Grade (Dry Quench) Coke: 1,680 RMB/ton (-)
• Grade (Wet Quench) Coke: 1,580 RMB/ton (-)
• Coke Granules: 1,190 USD/ton (-)
• Coke Powder: 980 USD/ton (-)

Factory acceptance close:

• Grade (Wet Quench) Coke (Level 2): 1,420 RMB/ton (-)
• Quasi-Grade (Wet Quench) Coke: 1,520 RMB/ton (-)
• Quasi-Grade (Dry Quench) Coke: 1,725 RMB/ton (-)
• Grade (Wet Quench) Coke: 1,620 RMB/ton (-)
• Grade (Dry Quench) Coke: 1,940 RMB/ton (-)

FOB export:

• CSR62 Grade Coke: $228/ton (-)
• CSR65 Grade Coke: $238/ton (-)
• 10-30mm Coke Granules: $190/ton (-)
• 0-10mm Coke Powder: $145/ton (-)

(My Steel Network)