Influenced by the negative pricing trend in the domestic finished steel, semi-finished and iron ore markets, in the past week the Chinese metallurgical coke market has seen decreases in prices, while activity has been lackluster. Meanwhile, the 1205 coke futures contract price at Dalian Commodity Exchange has declined by $6/mt week on week, with the price closing at RMB 2,009/mt ($320/mt).
As of April 27, the average spot price of second grade met coke in China stands at $298/mt, down $3.2/mt week on week.
Under pressure, coke producers in China have been forced to lower their offers. At present, domestic steel mills have suspended their purchasing plans for coke materials. It is expected that coke prices in China will continue to trend down in the coming period, though with no big decreases.