During the week ending December 21, metallurgical coke prices in the local Chinese market have been on a rising trend, with the average price of second-grade coke at $250/mt, up $1.6/mt week on week. As of December 21, the coke futures contract (1305) offers at Dalian Commodity Exchange closed at RMB 1,677/mt ($270/mt), seeing a slight drop week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
With both traders and coke producers holding an optimistic view of the outlook for the coke market, there has been increased transaction activity in the domestic coke market in the past week, resulting in slight increases in deal prices. Coke producers are inclined to increase their ex-works prices amid good demand and higher costs.
It is thought that coke prices in China will continue their rising trend in the coming week.