Chinese coke market remains stable amid low activity

Friday, 02 March 2012 14:08:12 (GMT+3)   |  
During the week ending March 1, the Chinese metallurgical coke market has been trending sideways amid low market activity. Meanwhile, the 1205 coke futures contract price at Dalian Commodity Exchange has climbed up by $4/mt week on week, with the price closing at RMB 2,090/mt ($332/mt).

As of March 1, the average spot price of second grade met coke in China stood at $302/mt, unchanged week on week. Local coke prices in China can be viewed in the SteelOrbis price reports section.

Influenced by coking plants' reduction of their ex-works prices in the previous week, some deals have been concluded at negotiated prices. Given the current difficulty of domestic coking plants in making a profit, market players expect that coke prices in the Chinese market will likely continue to trend sideways in the short term.

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