During the week ending December 9, average metallurgical coke prices in the Chinese domestic market have indicated a stable trend, while transaction activity in the overall market has been at medium levels. As of December 9, coke futures contract (1705) offers at Dalian Commodity Exchange closed at RMB 1,763/mt ($255.5/mt), up $5/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coke futures prices in China have indicated fluctuations, exerting negative pressure on coke prices in the spot market. Meanwhile, agreements on new medium-term and long-term coal supply contracts and increasing coal shipments in China have negatively impacted coke prices. Coke demand and supply in the spot market is basically balanced at present. It is thought that coke prices in the Chinese domestic market will likely follow a stable trend in the week ahead.
| Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | Second grade | Hancheng, Shaanxi | 1,980 | 287 | 0 |
| Zibo, Shandong | 2,130 | 309 | 0 | ||
| Pingdingshan, Henan | 2,030 | 294 | 0 | ||
| Tangshan | 2,100 | 304 | 0 | ||
| Huaibei, Anhui | 2,130 | 309 | 0 | ||
| Average | 2,074 | 301 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.90