During the week ending July 29, average metallurgical coke prices in the Chinese domestic market have indicated a slight rising trend, though remaining stable in some regions, while transaction activity in the overall market has been at low levels. As of July 29, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 1,037/mt ($156/mt), up $9/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coke supplies have been on the short side in the domestic market, providing some support for coking plants to increase their coke prices. In order to maintain their production activities, some steelmakers have had to accept the price rises and conclude purchases at the higher prices. However, it is still the offseason for the steel industry and so transaction activities for coke are still on the slack side. Coke futures prices in China had recently indicated some increases, though prices have declined today, July 29, giving rise to uncertainty as regards the future prospects for the coke market. It is thought that coke prices in the Chinese domestic market will likely edge up slightly in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 780 | 117 | 0 |
Zibo ,Shandong | 940 | 141 | ↑40 | ||
Pingdingshan,Henan | 920 | 138 | 0 | ||
Tangshan | 950 | 143 | ↑20 | ||
Huaibei,Anhui | 1,000 | 150 | 0 | ||
Average | 918 | 138 | ↑12 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.65