Latest situation in local Chinese coke market

Friday, 01 July 2016 14:14:33 (GMT+3)   |   Shanghai
       

During the week ending July 1, metallurgical coke prices in the Chinese domestic market have mostly edged down, though remaining stable in Huaibei in Anhui, while transaction activity in the overall market has been at low levels. As of July 1, coke futures contract (1609) offers at Dalian Commodity Exchange closed at RMB 717/mt ($108/mt), down $26/mt week on week. Average coke prices in the local Chinese market are presented in the table below.

During the given week, inventory levels of coke in the domestic market have increased, exerting a negative impact on coke prices. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) have softened, also negatively affecting spot prices for coke. Coking plants have lowered their sales volumes in order to provide support for market prices. At the same time, the upticks in prices in the finished steel market will provide some support for the coke market. 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

800

120

20

Zibo ,Shandong

900

135

40

Pingdingshan,Henan

900

135

30

Tangshan

930

140

20

Huaibei,Anhui

1,000

150

0

Average

906

136

22


17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.65


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