During the week ending March 27, metallurgical coke prices in the Chinese domestic market have mostly indicated downward movement, while transaction activity in the overall market has continued to improve slowly, though still remaining on the sluggish side. As of March 27, coke futures contract (1509) offers at Dalian Commodity Exchange closed at RMB 954/mt ($152/mt), down $9/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, coke prices in most regions of
China have continued their downtrend, with bearish sentiment prevailing among market participants. Steelmakers have been less willing to purchase coke, being mostly focused on consuming current stocks, and this has exerted a negative impact on coke prices. Meanwhile, coke futures prices have declined significantly at Dalian Commodity Exchange, reflecting participants' pessimism as regards the future prospects for the coke market. It is expected that coke prices in the Chinese domestic market will likely continue their slight downtrend in the coming week, especially as inventory levels of coking plants are still high.