During the week ending May 26, average metallurgical coke prices in the Chinese domestic market have indicated a stable trend, while transaction activity in the overall market has improved and is now at medium levels. As of May 26, coke futures contract (1709) offers at Dalian Commodity Exchange closed at RMB 1,544/mt ($224/mt), down $4/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coke prices have indicated a stable trend, with certain degree of support provided by the overall upward movement of the domestic finished steel market, though the increased operating capacity rates of coking enterprises following the end of environmental protection inspections have exerted negative pressure on coke prices in the market. It is expected that Chinese domestic coke prices will edge down slightly in the coming period.
| Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | Second grade | Hancheng, Shaanxi | 1,630 | 238 | 0 |
| Zibo, Shandong | 1,700 | 248 | 0 | ||
| Pingdingshan, Henan | 1,725 | 251 | 0 | ||
| Tangshan | 1,730 | 252 | 0 | ||
| Huaibei, Anhui | 1,800 | 262 | ↓40 | ||
| Average | 1,717 | 250 | ↓8 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.86