BLACK CHINA BLOG


Green coke The market began to turn down last week, especially for high sulphur cokes.    Zhenhai, China’s largest producer of high sulphur coke, dropped their market price by RMB80, while Gaoqiao dropped their price by RMB50.   Even low sulphur cokes began to be affected by the turndown, though many list prices are yet to reflect the […]

By: Paul Adkins | Read More

The July figures for aluminium production have now been released. Last month saw 1.168 million tonnes produced, compared to 1.172m in June. While this appears small, when averaged by day, it shows a drop from 39.1 tonnes per day down to 37.7t – a drop of 3.7%. And one must remember that the cuts were not […]

By: Paul Adkins | Read More

Generally speaking, the coke market began to show downward trends last week. The whole market is depressed and inactive, laregly as a result of either the Olympics or the restrictions due to them. The price of low sulphur (below 0.8%S) coke kept stable, despite Daqing refinery closing for overhaul.   Green coke for smelters from northeast China dropped RMB300/ton […]

By: Paul Adkins | Read More

In an announcement posted on Friday, the Chinese Government has announced new export tax increases on a range of goods, including coking coal and coke.   Petroleum coke has not been included in this announcement, but the market maintains that Chalco’s proposal (which we reported last week, see below) will be rolled out some time before […]

By: Paul Adkins | Read More

In a new blow to foreign buyers of Chinese coke, the domestic market is rife with rumours of a new export tax on pet coke.    The story goes that Chinalco has proposed to the Government that petroleum coke exports should bear an export tax (exact amount unclear), the argument being that China needs to limit […]

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By: Paul Adkins | Read More
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