The sluggishness of the Chinese domestic coke market has deepened amid the ongoing softening of the steel markets and of iron ore prices. Some coking plants have started to limit production in order to provide support for coke prices. Accordingly, the downtrend in the domestic coke market has been restricted. However, coke prices in the Chinese market are still probably going to indicate signs of softness in the short term.
No improvement observed in Chinese coke market
During the week ending May 3, metallurgical coke prices in the local Chinese market have mostly been stable, but with some slight downticks in certain regions. As of May 3, the coke futures contract (1309) offers at Dalian Commodity Exchange closed at RMB 1,497/mt ($241/mt), unchanged week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
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