China’s coke price hikes nonstop, $15/t for 13th round
Jan 13, 2021 13:45
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Bargaining on the thinning coke stocks on hand but still robust demand, China’s coking plants have requested for a price increment for their metallurgical coke customers by another Yuan 100/tonne ($15.5/t) effective January 13, and this has been the 13th round of prices rise since mid-August 2020 by a total of Yuan 800/t.
As of January 12, Mysteel’s national composite coke price just hit its nearly 26-month high of Yuan 2,427/t including the 13% VAT, or up Yuan 71.9/t on week after the Chinese steel mills conceded to the 12th round of coke price increase also by Yuan 100/t late last week.