China’s coke market trends between sideways and slight upward

During the week ending October 26, metallurgical coke prices in China have generally been trending sideways, with slight increases seen in some regions. As of October 26, coke futures contract (1301) offers at Dalian Commodity Exchange closed at RMB 1,609/mt ($258/mt). Local coke prices in China can be viewed in the SteelOrbis price reports section.
 
In the given week, the Chinese coke market has continued to see decent activity levels amid ongoing purchases by domestic steel mills. As a result, some small coke producers have raised their prices. In the recent period, there has not been any big change in coke producers' capacity utilization rates. During the past couple of weeks, the inventory levels of coke producers have declined significantly. It is expected that Chinese coke producers will hike their prices by moderate margins during the coming week.