During the week ending January 13, metallurgical coke prices have mostly remained stable in China, with just a few traders in Shanghai slightly cutting their prices. Activity in the overall market is at normal levels. Meanwhile, the main coke futures contract price at Dalian Commodity Exchange has dropped by $9/mt week on week, with the price closing at RMB 2,041/mt ($323/mt).
As of January 13, the average spot price of second grade coke in China was $303/mt, down by $1/mt week on week. Local coke prices in China can be viewed in the SteelOrbis price reports section.
Although coking plants in China have been pushing for higher prices, transaction prices have remained on a stable trend as steel mills have not accepted higher offers. For the coming week, the last one before the Spring Festival holiday, it is expected that the coke market in China will maintain its stable movement.