During the week ending June 1, with China's coking enterprises making concessions in their sales prices, the mainstream prices of coke in the Chinese domestic market have continued to decline. Meanwhile, the 1205 coke futures contract price at Dalian Commodity Exchange closed at RMB 1,859/mt ($294/mt). Local coke prices in China can be viewed in the SteelOrbis price reports section.
Under pressure from capital shortages, domestic steel mills have lately been focusing on keeping their coke inventories at low levels. On the other hand, coking enterprises have been obliged to bring down their offers in efforts to reduce their own inventories. It is expected that the upper end of the coke price range in China will decrease in the coming week.