Latest situation in local Chinese coke market

Friday, 02 September 2016 13:48:14 (GMT+3)   |   Shanghai
       

During the week ending September 2, average metallurgical coke prices in the Chinese domestic market have continued to indicate an upward trend, while transaction activity in the overall market has been at decent levels. As of September 2, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 1,223.5mt ($184/mt), almost remaining stable week on week. Average coke prices in the local Chinese market are presented in the following table. 

During the given week, major domestic coking coal producer Shenhua Group has raised its coking coal prices, providing support for coke prices in the spot market. Steelmakers have accepted the coking plants’ price rises in order to satisfy their needs for production. Currently, in northern China coking plants’ capacity utilization rates are at normal levels, while in southern China capacity utilization rates are at low levels due to the G20 Summit in Hangzhou on September 4-5. It is expected that coke prices in the Chinese domestic market will likely continue their upward 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

1,000

150

50

Zibo ,Shandong

1,280

192

100

Pingdingshan,Henan

1,150

172

100

Tangshan

1,200

180

20

Huaibei,Anhui

1,120

168

70

Average

1,150

172

68

 
 
17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.68


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