During the week ending March 30, metallurgical coke prices in the Chinese domestic market have indicated an overall downward trend, while transaction activity in the overall market has been at low-to-medium levels. As of March 30, coke futures contract (1805) offers at Dalian Commodity Exchange closed at RMB 1,822/mt ($290/mt), down $3/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, in general Chinese coke producers gradually increased production, though some coke producers decided to cut output due to losses resulting from declines in coke prices. Domestic steelmakers also gradually stepped up their production, thereby positively impacting demand for coke. Coke futures contract (1805) offers at Dalian Commodity Exchange are lower compared to one week ago, though they increased today, March 30, which may provide some support for coke prices. It is expected that coke prices in the Chinese domestic market will move sideways in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,660 |
264 |
↓150 |
Zibo, Shandong |
1,750 |
279 |
↓100 |
||
Pingdingshan, Henan |
1,890 |
301 |
↓200 |
||
Tangshan |
1,790 |
285 |
↓120 |
||
Huaibei, Anhui |
1,950 |
311 |
↓150 |
||
Average |
1,808 |
288 |
↓144 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.28
