Amid the significant rebounds seen in the overall steel market, some traders have also tried to raise their coke prices, in order to limit their losses. Approaching China's National Day holiday (October 1-7), most traders and producers hope to keep their coke prices stable. Given the uncertainties in the market, traders are still cautious about concluding purchases of coke.
Chinese coke market trends between stability and slight increase
During the week ended September 28, metallurgical coke prices in the Chinese market have been trending between stability and slight increase. As of September 28, the coke futures contract (1301) at Dalian Commodity Exchange closed at RMB 1,465/mt ($233/mt). Local coke prices in China can be viewed in the SteelOrbis price reports section.