There are some signs of a loosening in China's monetary policy, which is good news for the coke market, and indeed for the overall steel market. As prices of steel and iron ore continue to trend down, domestic coke producers find it hard to prevent their prices from decreasing further. In the short term, coke prices in the Chinese domestic market will probably continue to move down.
Chinese coke market remains on downward slope
During the week ending September 7, metallurgical coke prices have declined slightly in the Chinese market. As of September 7, coke futures contract (1301) offers at Dalian Commodity Exchange closed at RMB 1,358/mt ($214/mt). Local coke offers in China can be viewed in the SteelOrbis price reports section.