During the week ending March 9, metallurgical coke prices in China have trended sideways, while transaction activity has declined slightly. Meanwhile, the 1205 coke futures contract price at Dalian Commodity Exchange is down by $4/mt week on week, with the price closing at RMB 2,066/mt ($328/mt).
On March 9, the average spot price of second grade metallurgical coke in China stands at $301/mt, unchanged week on week.
The slight decrease in domestic coking coal prices has exerted a negative impact on the Chinese coke market this week, while on the other hand increases in domestic finished steel prices have provided support for local coke prices. Accordingly, the Chinese coke market has maintained a stable trend in the given week. Meanwhile, some steel mills are seeking to reduce their purchasing prices for coke. For the coming week, it is expected that coke prices will be stable in the mainstream markets in China, but may drop down slightly in some areas.