During the week ending May 5, average metallurgical coke prices in the Chinese domestic market have declined, while transaction activity in the overall market has slackened and is now at low-to-medium levels. As of May 5, coke futures contract (1709) offers at Dalian Commodity Exchange closed at RMB 1,478/mt ($215/mt), down $22/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, the significant declines in domestic ferrous metal futures prices in recent days have exerted negative pressure on domestic coke prices in the spot market. Meanwhile, market players have started to maintain a wait-and-see stance towards the future trend of the market, resulting in a slackening of transaction activity. It is thought that Chinese domestic coke prices will likely move down slightly in the coming week.
Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) | |
Coke | Second grade | Hancheng, Shaanxi | 1,760 | 255 | ↓40 | |
Zibo, Shandong | 1,815 | 263 | ↓85 | |||
Pingdingshan, Henan | 1,725 | 250 | ↓25 | |||
Tangshan | 1,835 | 266 | ↓45 | |||
Huaibei, Anhui | 1,880 | 273 | 0 | |||
Average | 1,803 | 262 | ↓39 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.89