During the week ending July 18, metallurgical coke prices in the Chinese domestic market have continued their stable trend, while transaction activity has remained at decent levels. As of July 18, coke futures contract (1501) offers at Dalian Commodity Exchange closed at RMB 1,143/mt ($178/mt), unchanged week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
Currently, neither buyers nor sellers are pushing for any changes in coke prices. Meanwhile, demand from steelmakers has been at decent levels, contributing to the stability of coke transaction activity. Furthermore, there have not been any big changes in prices of finished steel, semi-finished steel and iron ore. Accordingly, it is expected that coke prices in the Chinese domestic market will still follow a stable trend in the coming week.