During the week ending July 15, metallurgical coke prices in the Chinese domestic market have moved on a stable trend, while transaction activity in the overall market has been at medium levels. As of July 15, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 1,051/mt ($157/mt),up $10/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, the rising trends in finished steel and iron ore prices in China have provided a certain degree of support for domestic coke prices. Although steelmakers have sought to exert downward pressure on coke prices, coking plants have kept their prices stable. The purchasing activity of steelmakers in the market has been quite good. It is thought that coke prices in the Chinese domestic market will likely move sideways in the coming week as it will be difficult for finished steel prices to move up further.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
780 |
117 |
0 |
Zibo ,Shandong |
900 |
135 |
0 |
||
Pingdingshan,Henan |
920 |
138 |
0 |
||
Tangshan |
930 |
139 |
0 |
||
Huaibei,Anhui |
1,000 |
149 |
0 |
||
Average |
906 |
147 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.68