During the week ending February 10, average metallurgical coke prices in the Chinese domestic market have indicated a declining trend, while transaction activity in the overall market has been at low levels. As of February 10, coke futures contract (1705) offers at Dalian Commodity Exchange closed at RMB 1,586.5/mt ($231/mt), up $1/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coke prices in the domestic market have softened, influenced by decreases in domestic coking coal prices. Meanwhile, inquiries and demand for coke in the market have not recovered yet, remaining slack. It is thought that coke prices in the Chinese domestic market will edge down slightly in the coming week.
| Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | Second grade | Hancheng, Shaanxi | 1,600 | 233 | ↓100 |
| Zibo, Shandong | 1,800 | 262 | ↓80 | ||
| Pingdingshan, Henan | 1,780 | 259 | ↓70 | ||
| Tangshan | 1,780 | 259 | ↓70 | ||
| Huaibei, Anhui | 1,920 | 279 | ↓80 | ||
| Average | 1,776 | 258 | ↓80 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.88