BRIEFING (October 21, 2020): Coke and Coal
Analysis on Market and Trading Tips
Keys Points: From Monday to Tuesday, price of domestic metallurgical coke and coking coal went up amid stabilities; that of PCI and thermal coal was stable; purchase price of PCI by steel mills went up and down.
Met Coke: Several steel mills which priced in the second half of month in Southwest China accepted 50-yuan hike put forward by coking plants. Representative coking plants in Shanxi, Hebei and Shandong started the fifth round of price hike and requested a 50-yuan hike since October 20, to which steel mills did not respond yet.
Coking plants had no inventory and that at ports was also declining, making it difficult for steel mills to replenish stock.
Blast furnace operating rate of steel mills was high, indicating strong demand. Meanwhile, strict implementation of de-capacity in Shanxi boosted price as well.
By the end of October, 5.6mn t of capacity was confirmed to be exited with newly added capacity of 750,000 t. 6.2mn t of capacity in Linfen, Yuncheng and Lvliang was asked to be diminished, which needed to follow up.
It is expected that metallurgical coke price will stay at a high level for a short term.
Table 1: Price of Domestic Standard I Grade Metcoke in Spot Market (yuan per ton)
Coking Coal: Price of low-sulfur coking coal in Linfen, Shanxi rose by 20 yuan, and was stable at 1350-1370 yuan/t (bank acceptance); that of high-moisture coal increased by 20 yuan to 1360 yuan/t, total growth in September reaching 100 yuan. Price of raw coal went up by 20 yuan to 820 yuan/t, up 70 yuan in total.
Quotation of imported coal kept falling; that of I grade coking coal dropped by $19.5 to $129-130 per ton in October; that of standard I grade coking coal declined by $2.5 to $119.5-122 per ton.
Coke Coal
We are mandate, of a large mining consortium As we are direct representatives, it facilitates commercial dialogues and allows us to offer the following products. - Thermal coal type A and type B. - Anthracite coal or black coal. - Metallurgical coal or coking coal. - Coke Buyers interested in these products send a message or request. You can leave your contact information and I will respond by WhatsApp or email.
Metallurgical coal or coking coal is used in the process of creating coke necessary for iron and steel-making. Coke is a porous, hard black rock of concentrated carbon that is created by heating bituminous coal without air to extremely high temperatures Origins: indonesia,australia,iran,russia,colombia
GCG is actively seeking buyers to fulfil a substantial supply for COKING COAL from MOZAMBIQUE and USA. under specific trade terms. This is an excellent opportunity for buyers with the capacity to deliver high-quality COKING COAL to a worldwide market. With over 1000 shipments in the Chinese Market. COKING COAL MOZAMBIQUE MAG-1 Gross Calorific Value (ADB) 7700 Kcal/Kg Typical Specs Total Moisture (ARB) 9.5% Inherent Moisture (ADB) 1.0% Ash (ADB) 10% Volatile Matter (ADB) 20% Total Sulphur (ADB) 1.25% FSI 9 CSR 70 CRI 15 Size 0-50mm 100% Quantity 100,000 MT/month COKING COAL USA GUL-1 Net Calorific Value (ARB) 6200 Kcal/Kg Typical Specs Gross Calorific Value (ADB) 7800 Kcal/Kg Total Moisture (ARB) 18% Inherent Moisture (ADB) 0.55% Ash (ADB) 9% Volatile Matter (ADB) 17% Total Sulphur (ADB) 0.6% FSI 6.0 CSR 45 CRI 35 Size 0-50mm 100% Quantity 150,000 MT/month â?? GCG PRODUCT LIST Pretext, Process and Procedure of GCG (070424): 1. GCG lists all available products with Typical Specifications. Complete specs in FCO. 2. All commodity price will be based on Argus or Platts Index, CIF basis. 3. All payment terms are 100% against shipping and export documents upon loading vessel, by presentation to Bank or MT103 by Buyer. 4. GCG will be Shipper / Seller. 5. GCG will be beneficiary of LC. 6. All products offered are from verified producers or title holders. 7. GCG will be allocation holder or title holder of all cargo. 8. GCG actively engaged in logistics, inland transport and loading of each shipment. 9. Intermediary should secure interest by signing NCNDA with GCG. 10. GCG will require Buyer credentials for DD. 11. Buyer means LC opener. 12. Buyer to issue LOI or Intermediary can issue LOI with Buyer details. 13. GCG will send FCO directly to Buyer with product COA 14. Buyer to accept FCO. 15. SPA will be signed. 16. GCG will issue Proforma Invoice and LC draft 17. Buyer will open LC 18. Cargo will be inspected by nominated surveyors. Certificates of Q&Q will be received by GCG. 19. GCG will load vessel, obtains Bills of Lading 20. Vessel Draft survey will confirm Quantity loaded. 21. GCG will present all shipping and export documents in full conformity with Buyers LC terms to Bank and receives full payment. 22. Ownership of cargo is transferred to Buyer via Bank. Should you require any further clarification or have any questions, please don't hesitate to contact us. We thank you in advance for your attention to this matter and
Coking Coal from Nigeria. Price will depend on quantity desired. Moisture: 15.66% Carbon: 67.75% Sulfur: 0.69% Ash: 14.86% MAF: 14578
Coking Coal from Nigeria. Price will depend on quantity desired. Moisture: 15.66% Carbon: 67.75% Sulfur: 0.69% Ash: 14.86% MAF: 14578
Gross Calorific Value- 6,800 kCal/kg minimum order- 5,000 tonne/month incoterm: FOB
We can supply coking coal of different origins. This is high GAR coal with minimum impurities and is used in steel making process. For more details please approach with LOI and company profile.
ParameterQuality 1 Total Moisture (ARB) % wt 38-40% Inherent Moisture (ADB) %wt13-15 Ash(ADB) %wt8-10% Volatile Matter (ADB) %wt38-42 Gross Calorific Value Kcal/kg (ADB)5400+/100 Total Sulfur (ADB) %wt0.80 approx HGI55-65 approx Size (0-50mm)90% Discharge port : Vizag, India. 100000 +/- 10% (seller’s option).
