During the week ending June 26, metallurgical coke prices in the Chinese domestic market have mostly followed a stable trend, though indicating declines in Huaibei, Anhui Province, while transaction activity in the overall market remained at decent levels. As of June 26, coke futures contract (1509) offers at Dalian Commodity Exchange closed at RMB 877/mt ($141/mt), down $1/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, only coke prices in Huaibei, Anhui Province have indicated declines as prices there had been at relatively high levels. Coke producers are limiting their production outputs and so domestic steelmakers have not been able to achieve lower prices for coke due to the equilibrium between supply and demand. It is expected that coke prices in the Chinese domestic market will also move on a stable trend in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 700 | 113 | 0 |
Zibo ,Shandong | 830 | 134 | 0 | ||
Pingdingshan,Henan | 820 | 132 | 0 | ||
Tangshan | 850 | 137 | 0 | ||
Huaibei,Anhui | 860 | 138 | ↓40 | ||
Average | 812 | 131 | ↓8 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21