During the week ending December 29, metallurgical coke prices in the Chinese domestic market have indicated an upward trend, while transaction activity in the overall market has been at low-to-medium levels. As of December 29, coke futures contract (1805) offers at Dalian Commodity Exchange closed at RMB 1,979.5/mt ($304/mt), down $18/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coke prices have continued their rising trend, though at a slower pace. Against the background of rising prices, coking plants have been eager to increase their capacity utilization rates, while pressures from environmental protection measures have limited their activities. Following the significant rises already seen in coke prices, some traders have been reluctant to conclude purchases, resulting in slight rises in inventory levels at coking plants. It is thought that coke prices in the Chinese domestic market will move sideways in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
2,210 |
339 |
↑100 |
Zibo, Shandong |
2,300 |
353 |
↑100 |
||
Pingdingshan, Henan |
2,190 |
336 |
↑100 |
||
Tangshan |
2,300 |
353 |
↑75 |
||
Huaibei, Anhui |
2,350 |
361 |
↑100 |
||
Average |
2,270 |
349 |
↑95 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.51
