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