During the week ending October 28, average metallurgical coke prices in the Chinese domestic market have continued their rising trend, while transaction activity in the overall market has been better than last week and is now at decent levels. As of October 28, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 1,757.5/mt ($259/mt), up $28/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, prices of coking coal and coke futures prices in China have indicated significant increases, providing support for coke prices in the spot market. With bullish sentiment prevailing among market players and given traders' willingness to push up their prices, transaction activity has improved in the past week. However, after the significant increases already seen in China's coke market, there is a lack of support for further upward movement of coke prices. It is thought that coke prices in the Chinese.
Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | Second grade | Hancheng, Shaanxi | 1,580 | 233 | ↑130 |
Zibo, Shandong | 1,750 | 258 | ↑100 | ||
Pingdingshan, Henan | 1,700 | 251 | ↑50 | ||
Tangshan | 1,700 | 251 | ↑100 | ||
Huaibei, Anhui | 1,750 | 258 | ↑100 | ||
Average | 1,696 | 250 | ↑96 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.78