During the week ending March 25, metallurgical coke prices in the Chinese domestic market have moved on a stable trend, while transaction activity in the overall market has been better compared to the previous week and is now at decent levels. As of March 25, coke futures contract (1605) offers at Dalian Commodity Exchange closed at RMB 767/mt ($118/mt), down $2/mt week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, traders in the local coke market were willing to sell at unchanged prices in order to boost sales volumes amid rising inventories and so overall transaction activity has been at decent levels. At present, the rising trends of finished steel prices and iron ore prices have provided some support for coke prices, while some buyers continue to maintain a wait-and-see stance. It is thought that coke prices in the Chinese domestic market will likely continue to follow a stable trend in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 550 | 84 | 0 |
Zibo ,Shandong | 710 | 109 | 0 | ||
Pingdingshan,Henan | 650 | 100 | 0 | ||
Tangshan | 700 | 108 | 0 | ||
Huaibei,Anhui | 720 | 111 | 0 | ||
Average | 666 | 102 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.51