During the week ending January 25, metallurgical coke prices in the Chinese domestic market have continued their stable trend, while transaction activity in the overall market has been at low-to-medium levels. As of January 25, coke futures contract (1905) offers at Dalian Commodity Exchange closed at RMB 2,049/mt ($303/mt), down $2/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, the capacity utilization rates of domestic coking plants have been stable at low-to-medium levels. Meanwhile, coking coal prices have moved on a sideways trend, contributing to the stability of coke prices. However, traders in the coke market have been unwilling to build up stocks. As the Chinese New Year holiday (February 2-10) is drawing closer, it is expected that coke prices in the Chinese domestic market will move sideways in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,850 |
274 |
0 |
|
Zibo, Shandong |
1,950 |
288 |
0 |
||
|
Pingdingshan, Henan |
2,180 |
322 |
0 |
||
|
Tangshan |
1,965 |
291 |
0 |
||
|
Huaibei, Anhui |
2,220 |
328 |
0 |
||
|
Average |
2,033 |
301 |
0 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.76