During the week ending May 27, metallurgical coke prices in the Chinese domestic market have mostly followed a stable trend, though with increases seen in Anhui Province, while transaction activity in the overall market has been at decent levels. As of May 27, coke futures contract (1609) offers at Dalian Commodity Exchange closed at RMB 850/mt ($130/mt), down $12/mt week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, coking plants in Huaibei, Anhui Province have raised their ex-works prices for coke, while coke prices in other regions of China have remained stable. Currently, some shortages are seen in supplies in the coke spot market, which provide a certain degree of support for coke prices. However, the weakness in the finished steel market will exert a negative impact on coke prices. It is thought that coke prices in the Chinese domestic market will likely move sideways in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 880 | 134 | ↔0 |
Zibo ,Shandong | 1,000 | 152 | ↑70 | ||
Pingdingshan,Henan | 980 | 149 | ↔0 | ||
Tangshan | 1,040 | 159 | ↔0 | ||
Huaibei,Anhui | 930 | 142 | ↔0 | ||
Average | 966 | 147 | ↑14 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.56