During the week ending July 13, China's metallurgical coke market has continued to decline as steel mills have slowed down their purchasing activities in anticipation of further decreases. Meanwhile, the 1209 coke futures contract price at Dalian Commodity Exchange closed at RMB 1,782/mt ($282/mt). Local coke prices in the Chinese market can be viewed in the SteelOrbis price reports section.
Under pressure from both lower coking coal prices and lackluster demand, coke prices in the Chinese domestic market have continued to trend down. Less favorable macroeconomic data has also contributed to negative market sentiment. Against this overall background, coke prices in China are expected to maintain their soft trend in the coming week.