During the week ending December 2, average metallurgical coke prices in the Chinese domestic market have indicated a slight uptrend, while transaction activity in the overall market has been at medium levels. As of December 2, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 2,064/mt ($300/mt), down $10/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coke futures prices in China have indicated fluctuations. Buyers in the domestic coke spot market are mostly maintaining a cautious stance towards the market amid the current cold winter weather conditions, though inventories are at low levels in the market. It is thought that coke prices in the Chinese domestic market will likely move sideways in the market.
Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | Second grade | Hancheng, Shaanxi | 1,980 | 288 | ↑30 |
Zibo, Shandong | 2,130 | 309 | ↑10 | ||
Pingdingshan, Henan | 2,030 | 295 | ↑30 | ||
Tangshan | 2,100 | 305 | 0 | ||
Huaibei, Anhui | 2,130 | 310 | ↑50 | ||
Average | 2,074 | 301 | ↑20 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.88