During the week ending February 23, metallurgical coke prices in the Chinese domestic market have remained stable, while transaction activity in the overall market has been at low levels. As of February 23, coke futures contract (1805) offers at Dalian Commodity Exchange closed at RMB 2,221/mt ($350/mt), up $17/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given period, coke prices have moved on a stable trend. After the Chinese New Year holiday, inventory levels on coking plants’ side has risen quickly as transportation has not yet resumed normal activity after the holiday. However, coke producers are optimistic as regards the future prospects for the market. Currently, steelmakers are mostly maintaining a wait-and-see stance towards coke purchases. It is thought that coke prices in the Chinese domestic market will likely edge up in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,860 |
293 |
0 |
|
Zibo, Shandong |
1,850 |
292 |
0 |
||
|
Pingdingshan, Henan |
1,990 |
314 |
0 |
||
|
Tangshan |
1,890 |
298 |
0 |
||
|
Huaibei, Anhui |
2,050 |
323 |
0 |
||
|
Average |
1,928 |
304 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.34