During the week ending July 31, metallurgical coke prices in the Chinese domestic market have moved on a stable trend, while transaction activity in the overall market has been at decent levels. As of July 31, coke futures contract (1509) offers at Dalian Commodity Exchange closed at RMB 823.5/mt ($133/mt), up $3/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, Chinese coking plants have controlled their outputs, resulting in a balanced supply and demand situation, and so coke prices in the Chinese domestic market have moved on a stable trend. The greater stability of finished steel prices and the rebound of iron ore prices have provided a certain degree of support for coke prices. However, considering the offseason for the steel market amid the hot summer weather, there is little reason to think that coke prices will move up. It is expected that coke prices in the Chinese domestic market will continue their stable trend in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 680 | 110 | 0 |
Zibo ,Shandong | 800 | 129 | 0 | ||
Pingdingshan,Henan | 800 | 129 | 0 | ||
Tangshan | 820 | 132 | 0 | ||
Huaibei,Anhui | 860 | 138 | 0 | ||
Average | 792 | 128 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21