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One of the complications of publishing data from China’s official sources is that one never can be sure of the accuracy of the data. GI-GO applies in China at least as much as it does anywhere else in the world*. I have received comments from people in the last month or two that the prices […]
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 […]
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 […]
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 […]
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 […]