During the week ending August 17, metallurgical coke prices in the Chinese domestic market have mostly moved on an upward trend, while transaction activity in the overall market has been at medium levels. As of August 17, coke futures contract (1901) offers at Dalian Commodity Exchange closed at RMB 2,689/mt ($391/mt), up $37/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, capacity utilization rate of coking plants has seen slight decreases due to strict environmental protection requirements. Meanwhile, the inventories of coking plants have been at low levels, providing certain support to coke prices. At the same time, coke traders have been willing to build up inventory and unwilling to sell at lower prices. Moreover, coking coal prices have edged up, which also bolstered coke prices. It is expected that coke prices in the Chinese domestic market will edge up further in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
Coke |
Second grade |
Hancheng, Shaanxi |
2,160 |
314 |
↑100 |
Zibo, Shandong |
2,260 |
329 |
↑100 |
||
Pingdingshan, Henan |
2,280 |
332 |
↑100 |
||
Tangshan |
2,280 |
332 |
↑150 |
||
Huaibei, Anhui |
2,210 |
322 |
0 |
||
Average |
2,238 |
326 |
↑90 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.87