During the week ending July 28, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, though increasing in Pingdingshan, Henan Province, while transaction activity in the overall market has been at decent levels. As of July 28, coke futures contract (1709) offers at Dalian Commodity Exchange closed at RMB 1,958/mt ($291/mt), up $4/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, blast furnace capacity utilization rates in China have been at high levels due to good profit margins for finished steel and so steelmakers have stepped up their purchases of coke. On the other hand, coking plants’ capacity utilization rates have been restricted due to environmental protection measures and at present their inventories of coke are being consumed. Meanwhile, coking coal prices have risen slightly. It is thought that coke prices in the Chinese domestic market will indicate a slight rising trend in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,650 |
245 |
0 |
|
Zibo, Shandong |
1,750 |
260 |
0 |
||
|
Pingdingshan, Henan |
1,750 |
260 |
↑50 |
||
|
Tangshan |
1,780 |
264 |
0 |
||
|
Huaibei, Anhui |
1,850 |
274 |
0 |
||
|
Average |
1,756 |
261 |
↑10 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.74