Latest situation in local Chinese coke market

Friday, 17 August 2018 17:30:47 (GMT+3)   |   Shanghai
       

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
(RMB/mt)

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


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