During the week ending April 27, metallurgical coke prices in the Chinese domestic market have moved on a stable trend, while transaction activity in the overall market has been at medium levels. As of April 27, coke futures contract (1809) offers at Dalian Commodity Exchange closed at RMB 1,895/mt ($299/mt), up $6/mt compared to previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have continued to decrease due to environmental protection inspections in the provinces of Shanxi and Shandong. Meanwhile, downstream users have been more eager to conclude purchases, resulting in decreases in inventory levels of coke. Following the previous declines recorded in coke prices, coking plants are starting to think about raising their prices for coke. It is expected that prices in the Chinese domestic coke market will indicate a rising trend after the Labor Day holiday (April 28-May 1).
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
Coke |
Second grade |
Hancheng, Shaanxi |
1,560 |
246 |
0 |
Zibo, Shandong |
1,650 |
260 |
0 |
||
Pingdingshan, Henan |
1,830 |
289 |
0 |
||
Tangshan |
1,670 |
263 |
0 |
||
Huaibei, Anhui |
1,900 |
300 |
0 |
||
Average |
1,722 |
272 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.34
