During the week ending June 17, metallurgical coke prices in the Chinese domestic market have mostly softened, though remaining stable in Huaibei in Anhui, while transaction activity in the overall market has slackened but is still at medium levels. As of June 17, coke futures contract (1609) offers at Dalian Commodity Exchange closed at RMB 854.5/mt ($130/mt), down $1/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, Chinese steelmakers have tried to lower their purchase prices for coke in order to reduce their production costs, and this has resulted in fewer orders being placed for coke. Coke sellers have had to decrease their prices to attract business. Against the backdrop of just slight fluctuations in domestic finished steel prices amid the offseason for finished steel consumption, it is thought that coke prices will likely indicate further declines in the coming week, though with limited decrease margins.
| Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | 2nd grade | Hancheng,Shaanxi | 850 | 134 | ↓30 |
| Zibo ,Shandong | 970 | 152 | ↓50 | ||
| Pingdingshan,Henan | 960 | 149 | ↓20 | ||
| Tangshan | 980 | 158 | ↓60 | ||
| Huaibei,Anhui | 1,000 | 141 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.59