During the week ending November 30, metallurgical coke prices in the local Chinese market have mostly been stable, with an exceptional increase of RMB 30/mt ($4.8/mt) in Shanxi Province. As of November 30, coke futures contract (1305) offers at Dalian Commodity Exchange closed at RMB 1,528/mt ($246/mt), unchanged week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
Following the continuous rises in the previous few weeks, coke prices in China have finally stabilized in the past week. On the whole, booking activity by steel mills is moderate, while demand in eastern China has been relatively more active. At present, market players are still positive on the future prospects for the market. As for the coming week, prices in the Chinese coke market are expected to rise slightly.