As of February 10, the average spot price of second grade coke in China stands at $304/mt, unchanged from the previous week. Local coke prices in China can be viewed in the SteelOrbis price reports section.
This week, buying activity has recovered somewhat, but on the whole the transaction volume in the Chinese coke market is still relatively weak as compared to previous years. Economic factors and the uncertainty in the Chinese steel market have exerted a negative impact on the domestic coke market, while the local coking coal market has also softened. Nevertheless, supported by the optimism of traders, it is expected that the metallurgical coke market in China will maintain its stable trend in the coming week.