During the week ending November 11, average metallurgical coke prices in the Chinese domestic market have continued their upward trend, while transaction activity in the overall market has been at decent levels. As of November 11, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 2,139/mt ($314/mt), up $31/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking coal and coke futures prices at Dalian Commodity Exchange (DCE) have continued to indicate strong rises, providing solid support for prices in the spot market. Coking plants have increased their ex-works prices by significant margins, causing steelmakers to step up their purchases amid the current upward momentum of prices. Although the DCE has issued some measures to curb the rapid rises in coking coal and coke futures prices, bullish sentiment still prevails in the market. It is thought that coke prices in the Chinese domestic market will likely rise further in the coming week.
| Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | Second grade | Hancheng, Shaanxi | 1,750 | 257 | ↑150 |
| Zibo, Shandong | 1,950 | 286 | ↑140 | ||
| Pingdingshan, Henan | 1,850 | 272 | ↑100 | ||
| Tangshan | 1,920 | 282 | ↑120 | ||
| Huaibei, Anhui | 1,900 | 279 | ↑100 | ||
| Average | 1,874 | 275 | ↑116 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.81