Latest situation in local Chinese coke market

Friday, 02 June 2017 15:41:14 (GMT+3)   |   Shanghai
       

During the week ending June 2, average metallurgical coke prices in the Chinese domestic market have indicated an overall downward trend, while transaction activity in the overall market has been at low-to-medium levels. As of June 2, coke futures contract (1709) offers at Dalian Commodity Exchange closed at RMB 1,391/mt ($204/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 production activities of Chinese coking enterprises have increased amid reduced pressure from official environmental protection measures. Due to the resulting higher capacity utilization rates, domestic coke prices have softened. Meanwhile, coking coal prices have declined, exerting negative pressure on coke prices. It is thought that coke prices in the Chinese domestic market will likely continue their downward trend in the coming week. 
 
Product name Specification Place of origin Price (RMB/mt) Price ($/mt) Weekly change (RMB/mt)
Coke Second grade Hancheng, Shaanxi 1,600 235 ↓30
Zibo, Shandong 1,650 242 ↓50
Pingdingshan, Henan 1,665 244 ↓60
Tangshan 1,680 247 ↓50
Huaibei, Anhui 1,800 264 0
Average 1,679 247 ↓38
 

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.81


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