During the week ending December 30, metallurgical coke prices have remained stable in most regions of China, though slight increases have been seen in some regions. Meanwhile, the main coke futures contract price at Dalian Commodity Exchange has risen by $6/mt week on week, with the price closing at RMB 2,000/mt ($317/mt).
As of December 30, the average spot price of second grade coke in China stood at $304/mt, unchanged week on week. Coke prices in China can be viewed in the SteelOrbis price reports section.
In the past week, the snowy and rainy weather in the northern region of China has to some extent provided support for traders to raise their prices. While some traders have increased their coke prices, most increases have not been accepted. The winter stock replenishing activities of steel mills are drawing to a close, while other mills continue to purchase small quantities just in order to meet current demand. With the approach of the Chinese New Year, it is expected that coke prices in China will trend stable in the coming weeks.