Heilongjiang coke prices edge down

Friday, 04 Nov 2011

Coke market edges down in northeast China's Heilongjiang province.

The ex-works price of II grade metallurgical coke drops by CNY 30 per tonne to CNY 1,850 per tonne in Qitaihe, in Hegang and Shangyashan, the II grade metallurgical coke price is priced at CNY CNY 1,850 per tonne and CNY 1,840 per tonne down CNY 30 per tonne.

Industry sources report that Chinese steel mills increase efforts to press down purchase price for raw materials and cut back purchase. Coking enterprises have no other choice but to accept it. Currently, several steel mills continue to suspend purchasing the steel-making ingredient.

sourced SteelHome.cn

CCCMC reference prices for coke exports

Thursday, 18 Aug 2011 | By MySteel

CCCMC released on August 16 2011 the average reference prices for coke export transactions concluded in the previous week USD 495 PER tonne to USD 500 per tonne FOB.

Issuance Date	High Price	Low Price
2011.08.16	500	495
2011.08.09	500	495
2011.08.02	498	494
2011.07.26	500	490

In USD per tonne

The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters is the largest trading association in China. The CCCMC reference prices are average prices for coke export transactions concluded the week prior to issuance date of such reference prices.

Steel price may stop rising and turn to stability - MOFCOM

Sunday, 27 Feb 2011

According to Ministry of Commerce of China, domestic steel price gained 1.1% last week versus the previous week but social inventory of construction steel products hiked by 9.1%WoW or soaring by 44.7%MoM. It is expected that the steel price will stop moving up and tend to be flat in short period given the increasing output of steel makers.

The increasing operating rate in steel sector caused the coke price rise, with metallurgical coke in particular, seeing a lift of 2.3%. As the weather is getting warmer demand for construction steel is rallying, fueling the increase of demand for coke. Besides, the price rise of coking coal, the material of coke-making, pushed up the cost. So coke price is expected to climb up slightly.

Although steel prices have moved up slightly owing to BaoSteel and other major mills’ lifts of EXW prices as well as the rising material prices, the fact that domestic steel makers are now expanding production and their output will therefore apparently go up, will be enough to anticipate that steel price will stop rising and turn to stability in short period.

(Sourced:MySteel.net)

Sunoco commences separation of SunCoke following ArcelorMittal lawsuit

Wednesday, 02 February 2011 02:48:06 (GMT+2)

Philadelphia, Pennsylvania-based transportation fuel provider Sunoco, Inc. announced Monday that it has reached an agreement with ArcelorMittal resolving the lawsuit concerning coke pricing for the Jewell facility in Vansant, Virginia, and will subsequently move forward with the planned separation of SunCoke Energy, its metallurgical-grade coke manufacturing subsidiary.
The settlement agreement between Sunoco and ArcelorMittal stipulates the renegotiation of the Jewell coke contract-pricing of Jewell coal will instead be based upon the coal price at Suncoke's Haverhill, Ohio plant. Terms of the agreement also include a renegotiation and increase in fees paid under the Haverhill agreement, and a take-or-pay basis of the Jewell and Haverhill agreements with ArcelorMittal have been extended through 2020.
"The settlement is an important step in resolving a dispute with our largest customer. We continue to prepare SunCoke for successful operation as a stand-alone entity. We recently purchased coal assets contiguous to our Jewell operations, finalized our headquarters location in suburban Chicago, and began hiring additional key leadership," said Frederick A. "Fritz" Henderson, who will serve as chairman and chief executive of SunCoke Energy upon its separation from Sunoco.
Tags: raw mat , USA , North America , steelmaking , M&A , ArcelorMittal(sourced:steelorbis)