During the week ending July 20, metallurgical coke prices in the Chinese domestic market have continued to slide down. Meanwhile, the 1301 coke futures contract price at Dalian Commodity Exchange has closed at RMB 1,664/mt ($264/mt). Local coke prices in the Chinese market can be viewed in the SteelOrbis price reports section.
Coke prices in China have continued their downward trend against the background of declining domestic steel prices. Steel mills continue to apply pressure in order to achieve lower coke prices, achieving some degree of success. In the short term, coke prices in the Chinese domestic market are expected to remain soft, especially for high-grade coke products.