Latest situation in local Chinese coke market

Friday, 12 October 2018 14:16:48 (GMT+3)   |   Shanghai
       

During the week ending October 12, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, though declining in Tangshan, while transaction activity in the overall market has been at medium levels. As of October 12, coke futures contract (1901) offers at Dalian Commodity Exchange closed at RMB 2,531/mt ($366/mt), up $37/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.

After the National Day holiday, coking plants’ capacity utilization rate has continued to edge up, increasing supply volume, though traders have been more willing to conclude purchases for coke. Meanwhile, coking coal prices in China have edged up slightly, providing a certain support to coke prices. However, the finished steel prices have edged down, exerting a negative impact on coke prices. Since coke futures prices at Dalian Commodity Exchange (DCE) have moved up, spot metallurgical coke prices have gained more support. It is thought that coke prices in the Chinese domestic market will edge up in the coming week.

Product name

Specification

Place of origin

Price (RMB/mt)

Price ($/mt)

Change
(RMB/mt)

Coke

Second grade

Hancheng, Shaanxi

2,300

332

0

Zibo, Shandong

2,400

347

0

Pingdingshan, Henan

2,480

358

0

Tangshan

2,320

335

↓100

Huaibei, Anhui

2,370

342

0

Average

2,374

343

↓20

 

16 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.92


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