As of January 6, average second grade metallurgical coke spot prices in the main local markets in China have remained unchanged at $304/mt. Local coke prices in China can be viewed in the SteelOrbis price reports section.
At present, most steel mills in China are keeping sufficient inventories for just 15-20 days' supply, purchasing materials only in line with their demand. Coking plants' coke inventories have declined slightly, while their coking coal inventories have risen. It is expected that prices in the Chinese coke market will continue to maintain stable movement in the coming week, supported by high coking coal prices and the tightening supply situation.