During the week ending December 16, 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 16, coke futures contract (1705) offers at Dalian Commodity Exchange closed at RMB 1,749.5/mt ($254/mt), down $2/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, China’s policy of encouraging agreements on medium-term and long-term coal supply contracts have curbed speculative sentiment in the market, reducing support for coke prices. It is thought that coke prices in the Chinese domestic market will likely move sideways in the week ahead.
Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/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 6.95