During the week ending February 3, average metallurgical coke prices in the Chinese domestic market have moved on a stable trend. Transaction activity in the overall market has been at low levels. As of February 3, coke futures contract (1705) offers at Dalian Commodity Exchange closed at RMB 1,579/mt ($230/mt), down $4/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
On the first day after the Chinese New Year holiday, coke prices in the domestic market have continued their stable trend. Inquiries and demand for coke in the market have not recovered yet, remaining slack. However, overseas commodity prices decreased during the holiday period, contributing to the decline of the commodity futures prices in China. It is thought that coke prices in the Chinese domestic market will likely move down in the week ahead.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,700 |
248 |
0 |
Zibo, Shandong |
1,880 |
274 |
0 |
||
Pingdingshan, Henan |
1,850 |
270 |
0 |
||
Tangshan |
1,850 |
270 |
0 |
||
Huaibei, Anhui |
2,000 |
292 |
0 |
||
Average |
1,856 |
271 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.86