During the week ending November 7, metallurgical coke prices in the Chinese domestic market have remained on a stable trend, while transaction activity in the overall market has continued to be at decent levels. As of November 7, coke futures contract (1501) offers at Dalian Commodity Exchange closed at RMB 1,068/mt ($174/mt), down $3/mt week on week.
Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
During the given week, coking plants tried to increase their coke prices, but steelmakers successfully resisted any price increase attempts and so coke prices remained unchanged. Iron ore prices have continued to move on a soft trend, while finished steel prices have resumed their downward movement in northern
China, with such factors exerting some negative influence on the domestic coke market. At the same time, due to the Asia-Pacific Economic Cooperation (APEC) meeting held in Beijing, the main coking plants in northern
China have been required to cut their outputs, resulting in declines in supply and providing some support for coke prices. It is expected that coke prices in the Chinese domestic market will continue their stable trend in the coming week.