During the week ending January 18, 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 January 18, coke futures contract (1905) offers at Dalian Commodity Exchange closed at RMB 2,066/mt ($305/mt), up $11/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have continued to increase due to a slackening of environmental protection measures. Coke inventories have decreased during the given week, providing support for coke prices. However, most coking plants are maintaining a wait-and-see stance due to the approach of the Chinese New Year holiday (February 2-10). It is expected that coke prices in the Chinese domestic market will continue to move on a stable trend in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,850 |
273 |
0 |
|
Zibo, Shandong |
1,950 |
288 |
0 |
||
|
Pingdingshan, Henan |
2,180 |
322 |
0 |
||
|
Tangshan |
1,965 |
290 |
0 |
||
|
Huaibei, Anhui |
2,220 |
327 |
0 |
||
|
Average |
2,033 |
300 |
0 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.78