During the week ending August 26, average metallurgical coke prices in the Chinese domestic market have continued to move on an upward trend, while transaction activity in the overall market has been at decent levels. As of August 26, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 1,227mt ($184/mt), down $6/mt week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, coking coal prices in China have indicated a rising trend due to short supply, providing a certain degree of support for domestic coke prices. Meanwhile, steelmakers have been seeking to conclude purchases of coke, resulting in decent activity and boosting coke prices. However, steelmakers' coke inventory levels have started to increase, which will likely exert a negative impact on coke prices in the coming period. At the same time, coke output reductions in China are expected to continue to have a positive impact on the price trend in the domestic market. It is thought that coke prices in the Chinese domestic market will edge up slightly in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 950 | 143 | ↑100 |
Zibo ,Shandong | 1,180 | 177 | ↑50 | ||
Pingdingshan,Henan | 1,050 | 158 | ↑50 | ||
Tangshan | 1,180 | 177 | ↑80 | ||
Huaibei,Anhui | 1,050 | 158 | ↑30 | ||
Average | 1,082 | 162 | ↑62 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.66