During the week ending September 20, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, though declining in Pingdingshan and Huaibei, while transaction activity in the overall market has been at low-to-medium levels. As of September 20, coke futures contract (2001) offers at Dalian Commodity Exchange closed at RMB 1,939/mt ($274/mt), down two percent compared to September 12. Average coke prices in the local Chinese market are presented in the following table.
|
Product name |
Specification |
Place of origin |
Price(RMB/mt) |
Price ($/mt) |
Weekly change(RMB/mt) |
Weekly change($/mt) |
|
Coke |
Second grade |
Hancheng,Shaanxi |
1,700 |
240.4 |
0 |
0.4 |
|
Zibo ,Shandong |
1,800 |
254.5 |
0 |
0.4 |
||
|
Pingdingshan,Henan |
1,850 |
261.6 |
-100 |
-13.7 |
||
|
Tangshan |
1,850 |
261.6 |
0 |
0.4 |
||
|
Huaibei,Anhui |
1,830 |
258.7 |
-100 |
-13.7 |
||
|
Average |
1,806 |
255.3 |
-40 |
-5.2 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
During the given week, the capacity utilization rate of coking plants in China has basically remained stable compared to the previous week, with some coking plants being willing to cut production due to low inventory levels of coal. Traders have been more eager to build up stocks ahead of the National Day holiday (October 1-7), while steelmakers have been reluctant to accept high coke prices. It is thought that coke prices in the Chinese domestic market will likely move sideways in the coming week.
$1 = RMB 7.07