During the week ending October 18, coke prices in the local Chinese market have trended slightly upwards, with improved market activities. As of October 18, the coke futures contract (1401) offers at Dalian Commodity Exchange closed at RMB 1,561/mt ($253/mt), slightly up $1/mt week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
With inventories being low, steel producers have been active in booking new orders during the last week. As a result, coke prices have trended up slightly. Meanwhile, the positive trend of coking coal prices has also been an important support for the coke market. In the short run, it’s expected that coke prices will follow a slight uptrend in Chinese market.