During the week ending March 7, metallurgical coke prices in the Chinese domestic market have indicated significant declines, especially in central and eastern China. As of March 7, coke futures contract (1405) offers at Dalian Commodity Exchange closed at RMB 1,182/mt ($193/mt), down $16/mt week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
Coke futures have continued to decrease as sentiment in the raw materials market has become more pessimistic. Steelmakers are still putting downward pressure on prices of coke, while large-scale coking plants have lowered their coke prices accordingly. For instance, Shenhua Group has reduced its coke prices by RMB 40/mt ($6.54/mt). It is expected that coke prices in the Chinese domestic market will continue their downtrend in the coming week.