During the past week, metallurgical coke prices in the Chinese domestic market have mostly moved on a soft trend, though remaining stable in Hancheng and Huaibei, while transaction activity in the market has been at low levels. As of November 3, coke futures contract (1801) offers at Dalian Commodity Exchange closed at RMB 1,729/mt ($261/mt), up $2/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants’ capacity utilization rates have decreased further, while steelmakers are still reluctant to purchase coke due to production cuts implemented amid environmental protection measures. Coking plants’ profitability has decreased, with some of them even suffering losses. Meanwhile, coking coal prices have softened as demand for coking coal from coking plants has slackened. It is thought that coke prices in the Chinese domestic market will likely move down further in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,660 |
250 |
0 |
Zibo, Shandong |
1,650 |
249 |
↓100 |
||
Pingdingshan, Henan |
1,830 |
276 |
↓100 |
||
Tangshan |
1,690 |
255 |
↓160 |
||
Huaibei, Anhui |
2,030 |
306 |
0 |
||
Average |
1,772 |
267 |
↓72 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.63
