During the week ending January 8, metallurgical coke prices in Hancheng and Pingdingshan have indicated a declining trend, though prices in other regions of the Chinese domestic market have moved on a stable trend. Transaction activity in the overall market has been at decent levels. As of January 8, coke futures contract (1605) offers at Dalian Commodity Exchange closed at RMB 624/mt ($95/mt), down $2.6/mt week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, coke plants in Hancheng and Pingdingshan lowered their ex-works prices to attract more orders, negatively affecting local coke prices, while coke prices in other regions have remained unchanged. Domestic steelmakers have been making purchases to meet their needs, resulting in decent transaction activities, which has provided support for coke prices. Meanwhile, the recent rebounds in prices of finished steel and iron ore will also provide support for coke prices. It is thought that coke prices in the Chinese domestic market will likely move sideways in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 550 | 83 | ↓30 |
Zibo ,Shandong | 690 | 105 | 0 | ||
Pingdingshan,Henan | 650 | 99 | ↓30 | ||
Tangshan | 680 | 103 | ↓20 | ||
Huaibei,Anhui | 750 | 114 | 0 | ||
Average | 664 | 101 | ↓16 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.59