During the week ending September 21, metallurgical coke prices in the Chinese domestic market have mostly moved stable, while moving down in Hancheng and Pingdingshan, while transaction activity in the overall market has been at medium levels. As of September 21, coke futures contract (1901) offers at Dalian Commodity Exchange closed at RMB 2,385/mt ($349/mt), up $19/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants’ capacity utilization rate continued to edge up as environmental inspection loosened in some regions, increasing the coke supply to the spot market, exerting a negative impact on coke prices. Currently, demand for coke has been good and inventory in coke market has been at low level. Coking plants have been optimistic towards prospect for the future coke market. Meanwhile, coking coal prices have moved sideways, providing certain support to coke prices from cost side. It is expected that coke prices in the Chinese domestic market will edge up slightly in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
|
Coke |
Second grade |
Hancheng, Shaanxi |
2,400 |
350 |
↓100 |
|
Zibo, Shandong |
2,500 |
365 |
0 |
||
|
Pingdingshan, Henan |
2,480 |
362 |
↓100 |
||
|
Tangshan |
2,520 |
368 |
0 |
||
|
Huaibei, Anhui |
2,470 |
361 |
0 |
||
|
Average |
2,474 |
361 |
↓40 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.85