Chinese coke prices move sideways amid moderate demand

Friday, 06 April 2012 14:56:16 (GMT+3)   |  
During the week ending April 6, prices in the Chinese metallurgical coke market have moved on a stable trend, while there has been a contraction in market activity. Meanwhile, the 1205 coke futures contract price at Dalian Commodity Exchange has declined by $3/mt week on week, with the price closing at RMB 2, 009/mt ($319/mt).

As of April 6, the average spot price of second grade met coke in China stands at $300/mt, unchanged week on week. Local coke prices in China can be viewed in the SteelOrbis price reports section.

During the week in question, Chinese steel mills have not purchased large tonnages of coke. Despite the decrease in coke production early this year, coking plants have speeded up their production schedules entering the month of April. Market insiders say the increase in coke production may be an obstacle to price increases for coke, especially when finished steel prices have not yet recovered fully. Accordingly, it is thought that coke prices in China may continue to follow a stable trend in the near future.


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