China's coke prices have peaked, sources said this week, with downside concerns arising over the decline in export activity and the potential for further environmental restrictions.
Metal Bulletin's price assessment for Chinese coke exports with 65% coke strength after reaction (CSR), 12.5% ash, 30-90mm, was $360-375 per tonne fob China for the week ending Tuesday June 26.The range widened upward from $360-370 per tonne a week earlier, and was $10-15 per tonne higher than $350-360 per tonne two week's ago.While offers for this material have been increased to as high as $375-380 per tonne fob, some participants still regard $360 per tonne fob as a more realistic level.No export deals have been heard over the past two weeks, with prices approaching recent-year highs of $370-380...