During the week ending August 5, average metallurgical coke prices in the Chinese domestic market have indicated a rising trend, though prices in some regions of the country remained stable, while transaction activity in the overall market has been better than in the previous week and is now at decent levels. As of August 5, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 1,138.5mt ($171.5/mt), up $15.5/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, the overall rising trends of prices of finished steel and semi-finished steel in China have provided support for domestic coke prices, with coke producers in many regions of the country raising their sales prices for coke. Inventories of coke held by Chinese steelmakers are at relatively low levels, causing the steelmakers to step up their purchases of coke, thereby boosting transaction activity in the market. Meanwhile, coke futures prices have continued their upward movement, also providing support for coke prices in the spot market. It is thought that coke prices in the Chinese domestic market will likely move up in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 780 | 117 | 0 |
Zibo ,Shandong | 970 | 146 | ↑30 | ||
Pingdingshan,Henan | 950 | 143 | ↑30 | ||
Tangshan | 980 | 148 | ↑30 | ||
Huaibei,Anhui | 1,000 | 151 | 0 | ||
Average | 936 | 141 | ↑18 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.64