During the week ending July 25, metallurgical coke prices in the Chinese domestic market have followed a sideways trend supported by the relative stability of the finished steel market, while transaction activity has remained at decent levels. As of July 25, coke futures contract (1501) offers at Dalian Commodity Exchange closed at RMB 1,123/mt ($181/mt), down $3/mt week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
At present, inventories at coking plants in China are not high, while supply and demand in the domestic coke market have remained in equilibrium, contributing to the stability of coke prices. It is expected that coke prices in the Chinese domestic market will continue to indicate a stable trend in the coming week.