Latest situation in local Chinese coke market

Friday, 17 April 2015 17:16:00 (GMT+3)   |   Shanghai
During the week ending April 17, metallurgical coke prices in the Chinese domestic market have indicated a downtrend in Hancheng and Tangshan, though prices in other cities moved on a stable trend, while transaction activity in the overall market has been at decent levels. As of April 17, coke futures contract (1509) offers at Dalian Commodity Exchange closed at RMB 911/mt ($147/mt), up $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, domestic steelmakers have continued to conclude purchases of coke to meet their needs, while supply pressure still exists in the coke market, resulting in decreases in local coke prices in some parts of the country. Lately, iron ore spot prices have been moving on a stable trend, while iron ore futures prices have indicated a slight rebound, exerting a positive impact on the coke market. In order to lower inventory levels in the coke market, coking plants have reduced their outputs, hoping to provide some support for coke prices. It is expected that coke prices in the Chinese domestic market will move on an overall stable trend in the coming week.


Similar articles

Second round of local coke price cuts implemented in China, more cuts awaited

30 May | Scrap & Raw Materials

Local coke market in China enters downtrend

16 May | Scrap & Raw Materials

Local coke in China remain stable, hopes for increase replaced by negative expectations

09 May | Scrap & Raw Materials

Local coke prices in China stable, but producers plan second round of price hikes

25 Apr | Scrap & Raw Materials

Local coke prices in China increase after 11 successive declines

18 Apr | Scrap & Raw Materials

Local coke prices in China stable, some hike attempts emerge

11 Apr | Scrap & Raw Materials

Local coke prices in China remain stable, coking coal slightly up

28 Mar | Scrap & Raw Materials

Local coke prices in China move sideways

21 Mar | Scrap & Raw Materials

Local coke prices in China move down as coking coal slips

14 Mar | Scrap & Raw Materials

Local coke prices in China continue to go down and outlook still negative

28 Feb | Scrap & Raw Materials