During the week ending September 9, 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 9, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 1,185.5mt ($177/mt), down $6/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, steelmakers in the provinces of Jiangsu, Zhejiang and Anhui and also in Shanghai have resumed production after the recent G20 Summit in Hangzhou, resulting in increased demand for coke. Meanwhile, coal prices have increased by significant margins recently due to production reductions, pushing up coke prices accordingly. As for the coming week, it is expected that coke prices in the Chinese domestic market will continue to move up, though within a limited range.
| Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | Second grade | Hancheng, Shaanxi | 1,150 | 172 | ↑150 |
| Zibo, Shandong | 1,340 | 200 | ↑60 | ||
| Pingdingshan, Henan | 1,300 | 195 | ↑150 | ||
| Tangshan | 1,350 | 202 | ↑150 | ||
| Huaibei, Anhui | 1,300 | 195 | ↑180 | ||
| Average | 1,288 | 192 | ↑138 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.68