Due to the three-day New Year holiday in China, transaction activity in the Chinese coke market has been scarce. Meanwhile, the upward movement of iron ore prices has provided some support for coking coal and coke prices. It is expected that coke prices in China will remain stable as no big improvement has been seen in the purchase activity of Chinese steelmakers.
Chinese coke market moves sideways amid low transaction activity
During the week ending January 4, metallurgical coke prices in the local Chinese market have remained stable, amid low transaction activity. The average price of second-grade coke in China is at $252.1/mt, unchanged week on week. As of January 4, coke futures contract (1305) offers at Dalian Commodity Exchange closed at RMB 1,839/mt ($296/mt), seeing a significant rise week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.