December 03, 2008

Chinese domestic price for coke price breaks CNY 2000 barrier

It is reported that coke producers in Shanxi Province have raised their EXW prices this month, owing to rising prices and tight supply of raw materials.

As per reports, price increment amounted to CNY 100 per tonne to CNY 200 per tonne and now the price for first grade coke quoted by some producers has surpassed CNY 2000 per tonne hitting record high.

As per report coking coal price has brought high pressure and squeezed coke producers' profit margins, hence producers have to pull up coke prices to maintain operations. In the meanwhile scant coking coal supply also leads to rising quotations.