During the week ending June 24, 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 at low levels. As of June 24, coke futures contract (1609) offers at Dalian Commodity Exchange closed at RMB 880.5/mt ($133/mt), up $4/mt week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, steelmakers have reduced their purchases of coke and thereby exerted pressure on coke prices. Coking plants and traders have had to lower their sales prices to stimulate sales activities. Currently, coke production capacity utilization in China has not declined significantly and inventory levels have risen, which will negatively affect coke prices. It is thought that coke prices in the Chinese domestic market will likely continue their declining trend in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 820 | 134 | ↓30 |
Zibo ,Shandong | 940 | 152 | ↓30 | ||
Pingdingshan,Henan | 930 | 149 | ↓30 | ||
Tangshan | 950 | 158 | ↓30 | ||
Huaibei,Anhui | 1,000 | 141 | ↔0 | ||
Average | 928 | 147 | ↓24 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.61