Latest situation in local Chinese coke market

Friday, 10 March 2017 13:55:57 (GMT+3)   |   Shanghai
       

During the week ending March 10, 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 March 10, coke futures contract (1705) offers at Dalian Commodity Exchange closed at RMB 1,768/mt ($256/mt), down $7/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
 
During the given week, in some regions of China, coking enterprises' operating capacities have been limited due to strict environmental protection requirements imposed by local governments. As a result, pressures from the supply side have eased to some extent and this has provided some support for domestic coke prices. On the other hand, the recent declines seen in prices of iron ore and finished steel have exerted a negative impact on cokes prices in the domestic spot market. It is expected that Chinese domestic coke prices will edge down slightly in the coming period.

 

Product name

Specification

Place of origin

Price

(RMB/mt)

Price ($/mt)

Weekly change

(RMB/mt)

Coke

Second grade

Hancheng, Shaanxi

1,580

229

0

Zibo, Shandong

1,620

234

0

Pingdingshan, Henan

1,680

243

0

Tangshan

1,680

243

0

Huaibei, Anhui

1,750

253

0

Average

1,662

241

0

17 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.91


Similar articles

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Local coke prices in China fall again, decline likely to halt next week

22 Mar | Scrap & Raw Materials

Ukraine’s ArcelorMittal Kryvyi Rih posts lower pig iron output due to Russia’s attacks on energy infrastructure

21 Mar | Steel News

China’s coke exports up 20.5 percent in January-February

20 Mar | Steel News

Local coke prices in China decline, further cuts expected

15 Mar | Scrap & Raw Materials

Ukraine’s DMZ posts lower finished steel output for February

12 Mar | Steel News

Chinese coking coal market goes down, export coke follows

08 Mar | Scrap & Raw Materials

Ukraine's Zaporizhkoks posts higher coke output for February

07 Mar | Steel News

Local coke prices in China continue to move down

01 Mar | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 11.21 percent in January

29 Feb | Steel News