During the week ending May 24, metallurgical coke prices in the local Chinese market have been stable or have decreased slightly, depending on the different regions. As of May 24, the coke futures contract (1309) offers at Dalian Commodity Exchange closed at RMB 1,552/mt ($249/mt), unchanged week on week. Local coke prices in the Chinese market can be viewed in the SteelOrbis price reports section.
As Chinese coking plants continue to cut production, coke prices in the domestic market have started to show greater stability following the previous consecutive declines. Coke traders have generally managed to avoid further decreases in prices despite pressure from steel mills. It is believed that Chinese domestic coke prices will remain at current levels during the coming week.