In China's main coke production region of Shanxi, market prices have continued to decline, followed by decreases in the provinces of Shandong and Jiangsu. At present, domestic steel mills are all maintaining a wait-to-see policy. There are still no signs of a recovery in prices. It is expected that coke prices in China will continue to trend down, especially given the softness of iron ore prices.
Chinese coke market continues its declining trend
During the week ending August 10, metallurgical coke prices continued to drop down in the Chinese domestic market amid low market activity. As of August 10, the coke futures contract (1301) price at Dalian Commodity Exchange closed at RMB 1,583/mt ($249.6/mt). Local coke prices in the Chinese market can be viewed in the SteelOrbis price reports section.