During the week ending September 18, some metallurgical coke prices in the Chinese domestic market have indicated slight upticks, though prices have remained stable in some regions, while transaction activity in the overall market has been at decent levels. As of September 18, coke futures contract (1601) offers at Dalian Commodity Exchange closed at RMB 777/mt ($122/mt), down $2/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic steel mills have increased their blast furnace capacity utilization rates, resulting in improved demand for coke, which in turn has exerted a positive impact on metallurgical coke prices in the Chinese domestic market. Currently, steel mills' coke inventories are at insufficient levels and so their coke purchases will likely increase in the coming week. It is believed that coke prices in China will probably move on a stable trend in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 680 | 107 | 0 |
Zibo ,Shandong | 750 | 118 | ↑10 | ||
Pingdingshan,Henan | 760 | 119 | 0 | ||
Tangshan | 820 | 129 | 0 | ||
Huaibei,Anhui | 850 | 133 | ↑20 | ||
Average | 772 | 121 | ↑6 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.37