During the week ending July 4, metallurgical coke prices in the Chinese domestic market have followed a stable trend, while transaction activity is at good levels, having improved further. As of July 4, coke futures contract (1409) offers at Dalian Commodity Exchange closed at RMB 1,114/mt ($182/mt), down $4.5/mt week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
In the past week, transaction activity in the local Chinese coke market has improved compared to the previous week, while both sellers and buyers have been happy to keep prices at unchanged levels. Meanwhile, the average capacity utilization of coking enterprises in eastern China is at around 90 percent, reflecting good demand from steelmakers and providing a certain degree of support for coke prices. However, a lack of clarity still surrounds the likely future trends of the finished steel and iron ore markets. It is thought that coke prices in the Chinese domestic market will continue to move on a stable trend in the coming week.