China’s high-sulphur coke demand was quiet, capped by a downtrend in the domestic market. Mid- and high-sulphur coke prices at north China ports dropped in line with independent refineries cutting their coke prices steadily over the week. The Jincheng refinery cut its 4pc sulphur shot coke price to Yn1,430/t on 8 March, down from Yn1,570/t a week earlier, according to market participants. High-sulphur fuel-grade coke prices were also dampened by domestic refineries lowering mid-sulphur anode-grade coke prices to the same level as recent high-sulphur shot coke offers, which suggested domestic sponge coke could potentially flow into the fuel-grade market.
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