During the week ending January 29, most metallurgical coke prices in the Chinese domestic market have moved on a stable trend, while coke prices in Huaibei have softened. Transaction activity in the overall market has been at low levels. As of January 29, coke futures contract (1605) offers at Dalian Commodity Exchange closed at RMB 639/mt ($97.5/mt), down $1/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, since local coke prices in Huaibei were at relatively high levels, coking plants and traders there have decreased their coke prices. With the approach of the Chinese New Year (February 8-14), domestic steelmakers' coke purchasing activities have slowed down, causing a slackening of transaction activity in the domestic coke market. It is thought that coke prices in the Chinese domestic market will likely continue to move on a stable trend in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 550 | 84 | 0 |
Zibo ,Shandong | 690 | 105 | 0 | ||
Pingdingshan,Henan | 650 | 99 | 0 | ||
Tangshan | 680 | 103 | 0 | ||
Huaibei,Anhui | 700 | 106 | ↓50 | ||
Average | 654 | 99 | ↓10 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.58