During the week ending March 29, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, though indicating decreases in Hancheng and Pingdingshan, while transaction activity in the overall market has been at low-to-medium levels. As of March 29, coke futures contract (1905) offers at Dalian Commodity Exchange closed at RMB 1,984.5/mt ($296/mt), down $2/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, demand from steelmakers for coke has been slack, resulting in medium-to-high inventory levels in the spot market and exerting a negative impact on coke prices. Meanwhile, coking coal prices have edged down, negatively affecting coke prices from the cost side. However, steelmakers’ capacity utilization rates are expected to improve in April, which will provide support for coke prices. It is thought that coke prices in the Chinese domestic market will likely fluctuate within a limited range in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,750 |
261 |
↓100 |
|
Zibo, Shandong |
1,850 |
276 |
0 |
||
|
Pingdingshan, Henan |
1,900 |
283 |
↓100 |
||
|
Tangshan |
1,900 |
283 |
0 |
||
|
Huaibei, Anhui |
2,080 |
310 |
0 |
||
|
Average |
1,896 |
283 |
↓40 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.71