During the week ending May 10, metallurgical coke prices in the local Chinese market have either been stable or have decreased slightly, depending on the different regions. As of May 10, the coke futures contract (1309) offers at Dalian Commodity Exchange closed at RMB 1,546/mt ($241/mt), up $7/mt week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
The coke purchase volumes of Chinese steel mills have increased in the past week, but are still insufficient to propel coke prices upwards. At present, coking enterprises are mostly operating at 70-80 percent capacity. It is expected that coke prices in the Chinese domestic market will be characterized by softness in the coming week, with a limited decrease margin.