During the week ending November 9, metallurgical coke prices in the Chinese domestic market have moved on a rising trend, while transaction activity in the overall market has been at medium levels. As of November 9, coke futures contract (1901) offers at Dalian Commodity Exchange closed at RMB 2,351/mt ($338.0/mt), down $2/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coke prices in China have risen due to the optimism of coke producers amid the increased willingness of downstream users to conclude purchases. Currently, coke inventories are at relatively low levels, while coking coal prices have moved up, with these factors exerting a positive impact on coke prices. In addition, production restrictions in some regions will reduce coke supply and bolster coke prices. It is expected that coke prices in the Chinese domestic market will rise further in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
|
Coke |
Second grade |
Hancheng, Shaanxi |
2,500 |
360 |
↑100 |
|
Zibo, Shandong |
2,600 |
374 |
↑100 |
||
|
Pingdingshan, Henan |
2,580 |
371 |
↑100 |
||
|
Tangshan |
2,620 |
377 |
↑100 |
||
|
Huaibei, Anhui |
2,570 |
370 |
↑100 |
||
|
Average |
2,574 |
370 |
↑100 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.95