During the week ending November 28, 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 28, coke futures contract (1501) offers at Dalian Commodity Exchange closed at RMB 1,066/mt ($174/mt), up $2/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, demand and supply have been in equilibrium in the domestic coke market, resulting in the stable trend of coke prices. Steelmakers state that they are now focusing more on purchases of high grade coke in order to conform with environmental standards. In recent days, futures prices of finished steel and coke have halted their declining trends and indicated a recovery, resulting in an improvement in activity in the domestic coke market. It is thought that in the coming week coke prices in the Chinese domestic market will follow a stable trend, with some increases possible also.
$1 = RMB 6.13