China coke price slides on low steel prices, price cut

摘要

China's domestic metallurgical coke market softened further this week as a key producer cut prices and northern Chinese steel prices remained low, market sources said Thursday. The Platts North China met coke assessment dropped Yuan 105/mt (17 dollars) or 6.7% on week to Yuan 1,460/mt delivered duty paid Tangshan mills. The assessment includes 17% value-added tax and three-month credit, for met coke with 62% CSR (coke strength after reaction), 12.5% ash, 0.65% sulfur and 5% total moisture.