During the week ending November 4, average metallurgical coke prices in the Chinese domestic market have continued their rising trend, while transaction activity in the overall market has been at decent levels. As of November 4, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 1,911/mt ($283/mt), up $24/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking coal and coke futures prices at Dalian Commodity Exchange (DCE) have continued their rising trends, providing support for coke prices in the domestic spot market. Steelmakers have been concluding purchases of coke in order to meet their production needs, resulting in decent activities. On November 3, China’s National Development and Reform Commission (NDRC) held a meeting at which it asked coal enterprises to regulate and stabilize prices of coking coal and coke, which will likely curb excessive increases in prices of these raw materials. It is thought that coke prices in the Chinese domestic market will likely move sideways in the coming week.
| Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | Second grade | Hancheng, Shaanxi | 1,600 | 237 | ↑20 |
| Zibo, Shandong | 1,810 | 268 | ↑60 | ||
| Pingdingshan, Henan | 1,750 | 259 | ↑50 | ||
| Tangshan | 1,830 | 271 | ↑130 | ||
| Huaibei, Anhui | 1,800 | 266 | ↑50 | ||
| Average | 1,758 | 260 | ↑62 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.76