During the week ending July 6, China's metallurgical coke market has seen further decreases in prices, while demand has remained slack. Meanwhile, the 1209 coke futures contract price at Dalian Commodity Exchange closed at RMB 1,762/mt ($278/mt). Local coke prices in China can be viewed in the SteelOrbis price reports section.
At present, coke producers in China are only operating at capacity utilization rates of 60-80 percent amid the current oversupply in the market. In addition, some large coke producers have already reduced their offer prices. It is expected that coke prices will continue their soft trend in the coming week.