During the week ending September 30, average metallurgical coke prices in the Chinese domestic market have mostly indicated an upward trend, while transaction activity in the overall market has been at decent levels. As of September 30, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 1,309.5/mt ($196/mt), up $10/mt week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, Chinese steelmakers' inventories of coke have been at low levels and so they have been eager to conclude purchases, resulting in better activity and higher prices in the domestic coke market. Meanwhile, coke futures prices in China have rebounded, exerting a positive impact on coke prices in the spot market. It is expected that coke prices in the Chinese domestic market will move sideways during the holiday and start to increase afterwards.
Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | Second grade | Hancheng, Shaanxi | 1,300 | 195 | ↑100 |
Zibo, Shandong | 1,400 | 210 | ↑10 | ||
Pingdingshan, Henan | 1,400 | 210 | ↑30 | ||
Tangshan | 1,420 | 213 | 0 | ||
Huaibei, Anhui | 1,400 | 210 | ↑50 | ||
Average | 1,384 | 207 | ↑38 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.67