During the week ending September 11, metallurgical coke prices in the Chinese domestic market have indicated diverse trends, with declines seen in the provinces of Shandong and Henan, an increase observed in Anhui Province, with a sideways trend seen in other regions, while transaction activity in the overall market has been at low levels. As of September 11, coke futures contract (1601) offers at Dalian Commodity Exchange closed at RMB 787.5/mt ($124/mt), down $1/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, although declines in coking coal and ferrous metal prices have exerted a negative impact on coke prices in China, increased purchase volumes from domestic steelmakers have provided a certain degree of support for coke prices. The output volumes of steelmakers in northern China have been recovering to normal levels after the recent military parade in Beijing, resulting in increasing consumption of coke and in increased coke purchase volumes. It is believed that coke prices will likely move on a slight uptrend in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 680 | 107 | 0 |
Zibo ,Shandong | 740 | 116 | ↓20 | ||
Pingdingshan,Henan | 760 | 119 | ↓20 | ||
Tangshan | 820 | 129 | 0 | ||
Huaibei,Anhui | 830 | 130 | ↑20 | ||
Average | 766 | 120 | ↓4 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.37