During the week ending May 15, metallurgical coke prices in the Chinese domestic market have indicated a stable trend, while transaction activity in the overall market is at decent levels. As of May 15, coke futures contract (1509) offers at Dalian Commodity Exchange closed at RMB 915.5/mt ($148/mt), down $3/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic steelmakers have stepped up their purchases of coke, resulting in decent transaction activity in the market. Coking plants and traders have been seeking to keep their prices stable. The rebound in iron ore prices has exerted a positive impact on coke prices. As a result, it is difficult for steelmakers to push for lower prices for coke. Meanwhile, coking plants have reduced their outputs to some extent and so their inventory levels have declined. It is thought that coke prices in the Chinese domestic market will likely continue to move on a stable trend in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 720 | 116 | 0 |
Zibo ,Shandong | 850 | 137 | 0 | ||
Pingdingshan,Henan | 880 | 142 | 0 | ||
Tangshan | 900 | 145 | 0 | ||
Huaibei,Anhui | 900 | 145 | 0 | ||
Average | 850 | 137 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.20