Coke Prices after Round 6 of Price Hike in Shanxi

SHANGHAI, Aug 25 (SMM) - The coke market in Shanxi stands stable today. Mainstream coking companies have raised quotations by 120 yuan/mt.

Some coking companies and steel mills in Linfen are currently under environmental protection restrictions, which are expected to end at the end of September.

The rising coke and coking coal prices have driven up the costs of coking companies, and the profits are squeezed. The companies mainly producing CDQ can maintain profits between 230-270 yuan/mt, while the companies producing wet quenched coke have been suffering losses. However, most market participants hold an optimistic outlook on the coke market.

After the round 6 of coke price hike, the self pick-up prices of coke at plants in Shanxi are as follows:

First-grade metallurgical CQD: 3,870-3,950 yuan/mt

Quasi-level metallurgical CQD: 3,650-3,700 yuan/mt

First-grade metallurgical coke: 3,350-3,430 yuan/mt

Quasi-level metallurgical coke: 3,240-3,300 yuan/mt