Latest situation in local Chinese coke market

Friday, 31 March 2017 16:26:43 (GMT+3)   |   Shanghai
       

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


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