During the week ending April 7, metallurgical coke prices in the Chinese domestic market have indicated diverse trends, with declines seen in the provinces of Henan, Hebei and Anhui, and increases observed in Shandong and Shaanxi, while transaction activity in the overall market have been at decent levels. As of April 7, coke futures contract (1709) offers at Dalian Commodity Exchange closed at RMB 1,818/mt ($264/mt), up $6/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, the overall average domestic coke price in China has almost remained stable, though with declines in prices seen in Henan, Hebei and Anhui and increases in Shandong and Shaanxi. Meanwhile, domestic coke futures prices have indicated a rising trend, exerting a positive impact on coke prices in the spot market. The output volumes of steelmakers have been recovering to normal levels, resulting in increasing consumption of coke and decent levels of transaction activity. However, weak sentiment in the domestic finished steel and iron ore markets may negatively influence the coke market. It is thought that Chinese domestic coke prices will likely move sideways in the coming period.
Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) | |
Coke | Second grade | Hancheng, Shaanxi | 1,700 | 246 | ↑20 | |
Zibo, Shandong | 1,850 | 268 | ↑70 | |||
Pingdingshan, Henan | 1,800 | 261 | ↓60 | |||
Tangshan | 1,800 | 261 | 0 | |||
Huaibei, Anhui | 1,850 | 268 | ↓20 | |||
Average | 1,800 | 261 | ↑2 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.89