Over the past week, the Chinese coke market has moved down by a small margin, while demand has remained on the slack side. The main coke futures contract (1209) price at Dalian Commodity Exchange has decreased by $17/mt week on week, closing at RMB 1,868/mt ($296/mt).
In the past week, Chinese average second grade metallurgical coke spot prices in the major local markets have declined by about $1.6/mt week on week, to an average of $291/mt. Coke prices in China can be viewed in the SteelOrbis price reports section.
Market players believe that coking coal prices will likely drop and that this will reduce support for coke prices. Demand continues to remain sluggish, also due to difficulties in price negotiations between coke producers and steel mills. It is expected that Chinese coke prices will continue to fluctuate down slightly in the coming weeks.