During the week ending January 6, average metallurgical coke prices in the Chinese domestic market have continued their downward trend, while transaction activity in the overall market has been at low levels. As of January 6, coke futures contract (1705) offers at Dalian Commodity Exchange closed at RMB 1,532/mt ($223/mt), up $2/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants have been eager to sell and and so have lowered their prices in the spot market. Meanwhile, steelmakers have not been so willing to buy as they consider current prices to be relatively high and thus they have limited their purchases in order to push down coke prices. Sentiment has weakened in the market in the past week. It is thought that coke prices in the Chinese domestic market will continue to move down further in the week ahead.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,800 |
260 |
↓150 |
Zibo, Shandong |
1,980 |
286 |
↓50 |
||
Pingdingshan, Henan |
1,950 |
282 |
↓50 |
||
Tangshan |
1,950 |
282 |
↓50 |
||
Huaibei, Anhui |
2,050 |
296 |
↓50 |
||
Average |
1,946 |
281 |
↓70 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.92