During the week ending May 17, coke prices in the local Chinese market have mostly been stable, though some slight downticks have also been seen. As of May 17, the coke futures contract (1309) offers at Dalian Commodity Exchange closed at RMB 1,551/mt ($249/mt), up $1/mt week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
Coking plants in China have recently cut production in order to prevent further decreases in coke prices. However, steel mills have been insisting on lower prices in light of the cost pressure they are facing. At present, the main coking plants and traders hope that prices will recover in June, although they are not confident a recovery will be seen. It is thought that coke prices in China are unlikely to rebound in the short term.