During the week ending March 31, metallurgical coke prices in the Chinese domestic market have mostly risen slightly, though some prices have moved sideways, while transaction activity in the overall market has been at decent levels. As of March 31, coke futures contract (1705) offers at Dalian Commodity Exchange closed at RMB 1,901/mt ($276/mt), up $1/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, the ongoing increase in blast furnace capacity utilization rates after the lifting production restrictions has resulted in decent transaction activity for coke. Meanwhile, domestic ferrous metal futures prices have rebounded slightly in the last two days, exerting a positive impact on coke prices in the spot market. It is thought that Chinese domestic coke prices will likely move sideways in the coming period.
Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | Second grade | Hancheng, Shaanxi | 1,680 | 244 | ↑50 |
Zibo, Shandong | 1,780 | 258 | ↑10 | ||
Pingdingshan, Henan | 1,860 | 270 | 0 | ||
Tangshan | 1,800 | 261 | 0 | ||
Huaibei, Anhui | 1,870 | 271 | ↑30 | ||
Average | 1,798 | 261 | ↑18 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.89