During the week ending November 27, metallurgical coke prices in the Chinese domestic market have continued their slight downward trend, while transaction activity in the overall market has slackened compared to the previous week, though remaining at decent levels. As of November 27, coke futures contract (1605) offers at Dalian Commodity Exchange closed at RMB 618.5/mt ($97/mt), remaining stable week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, transaction activity for coke in China has declined due to snowy weather and falling temperatures. As for the coming week, weather conditions across the country are expected to improve, which will ease the negative pressure on the finished steel and coke markets, with steelmakers expected to step up their purchases of coke to replenish their inventories. It is thought that coke prices in the Chinese domestic market will likely move on a stable trend in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 580 | 91 | ↓10 |
Zibo ,Shandong | 700 | 109 | 0 | ||
Pingdingshan,Henan | 700 | 109 | 0 | ||
Tangshan | 700 | 109 | 0 | ||
Huaibei,Anhui | 750 | 117 | ↓30 | ||
Average | 702 | 110 | ↓18 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.40