Latest situation in local Chinese coke market

Friday, 14 December 2018 16:32:43 (GMT+3)   |   Shanghai
       

During the week ending December 14, metallurgical coke prices in the Chinese domestic market have moved on a stable trend, while transaction activity in the overall market has been at low-to-medium levels. As of December 14, coke futures contract (1905) offers at Dalian Commodity Exchange closed at RMB 2,016/mt ($292/mt), down $8/mt week on week. Average coke prices in the local Chinese market are presented in the following table.   

During the given week, domestic coking plants’ capacity utilization rates have decreased slightly, while their inventory levels have indicated slight increases. Meanwhile, coking coal prices in China have softened, exerting negative pressure on coke prices from the cost side. Some traders have started to build up inventories as they are upbeat on the future prospects for the coke market, while downstream steelmakers have been unwilling to build up stocks. It is expected that coke prices in the Chinese domestic market will move sideways in the coming week.

Product name

Specification

Place of origin

Price (RMB/mt)

Price ($/mt)

Change
(RMB/mt)

Coke

Second grade

Hancheng, Shaanxi

2.050

297

0

Zibo, Shandong

2.150

312

0

Pingdingshan, Henan

2.280

330

0

Tangshan

2.170

314

0

Huaibei, Anhui

2.370

343

0

Average

2.204

319

0

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

$1 = RMB 6.90


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