During the week ending October 21, average metallurgical coke prices in the Chinese domestic market have continued their rising trend, while transaction activity in the overall market has been slacker than last week and is now at low-to-medium levels. As of October 21, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 1,568/mt ($232/mt), up $16/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, prices of coking coal and coke in China have indicated an overall rising trend, with bullish sentiment prevailing among market players. With the rises seen in prices of coking coal and coke futures prices, buyers have been showing increased interest in purchases of coke. However, coking plants and coking coal producers have been unwilling to sell as they want to sell at higher prices, resulting in slacker activities in the market compared to last week. It is thought that coke prices in the Chinese domestic market will continue their rising trend in the coming week.
| Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | Second grade | Hancheng, Shaanxi | 1,450 | 214 | ↑100 |
| Zibo, Shandong | 1,650 | 244 | ↑120 | ||
| Pingdingshan, Henan | 1,650 | 244 | ↑100 | ||
| Tangshan | 1,600 | 237 | ↑50 | ||
| Huaibei, Anhui | 1,650 | 244 | ↑100 | ||
| Average | 1,600 | 237 | ↑94 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.76