During the week ending September 22, metallurgical coke prices in the Chinese domestic market have indicated diverse trends, though a majority of prices have increased on week-on-week basis, while transaction activity in the overall market has been at low-to-medium levels. As of September 22, coke futures contract (1801) offers at Dalian Commodity Exchange closed at RMB 2,032/mt ($308/mt), down $40/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coke futures prices at Dalian Commodity Exchange (DCE) have declined significantly, exerting a negative impact on sentiment in the coke spot market. However, due to environmental protection measures being introduced in some regions of China, coking plants’ capacity utilization rates have decreased, bolstering coke prices in the spot market, which have thus performed better compared to finished steel prices. Recently, steelmakers have implemented maintenance works and halted part of their production, weakening the demand for coke. It is thought that coke prices in the Chinese domestic market will mostly likely move down in the coming week, though some upward movement is not excluded as downstream users are expected to build up inventories ahead of the National Day Holiday (October 1-8).
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
2,160 |
328 |
0 |
Zibo, Shandong |
2,250 |
341 |
↓10 |
||
Pingdingshan, Henan |
2,280 |
346 |
↑100 |
||
Tangshan |
2,290 |
347 |
0 |
||
Huaibei, Anhui |
2,240 |
340 |
↑40 |
||
Average |
2,244 |
341 |
↑26 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.59
