As steel mills have been actively replenishing their coke inventories ahead of the cold winter weather, coke prices in China have been moving on an upward trend in the past week. In the meantime, several large coking plants have raised their prices, thereby providing additional support for coke prices in the domestic market. It is expected that coke prices in China will maintain their positive trend in the coming week.
Chinese coke market rises amid increased transaction activity
During the week ended November 1, metallurgical coke prices have been trending upwards in the Chinese domestic market amid increased transaction activity. As of November 1, coke futures contract (1301) offers at Dalian Commodity Exchange closed at RMB 1,594/mt ($255/mt). Local coke prices in China can be viewed in the SteelOrbis price reports section.
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