During the week ending May 20, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, though with increases seen in Shandong Province, which have contributed to the rise in average prices, while transaction activity in the overall market has been at decent levels. As of May 13, coke futures contract (1609) offers at Dalian Commodity Exchange closed at RMB 922/mt ($142/mt), up $8/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, Chinese steelmakers’ coke purchase volumes have been at decent levels. With finished steel and semi-finished steel prices in China having started to move sideways, sentiment in the coke market is not as bullish as it was before. It is thought that coke prices in the Chinese domestic market will likely move on a stable trend in the coming week.
| Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | 2nd grade | Hancheng,Shaanxi | 880 | 134 | 0 |
| Zibo ,Shandong | 1.020 | 156 | ↑90 | ||
| Pingdingshan,Henan | 980 | 150 | 0 | ||
| Tangshan | 1.040 | 159 | 0 | ||
| Huaibei,Anhui | 930 | 142 | 0 | ||
| Average | 970 | 148 | ↑18 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.55