During the week ending April 26, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, though indicating rises in Hancheng and Zibo, while transaction activity in the overall market has been at medium levels. As of April 26, coke futures contract (1909) offers at Dalian Commodity Exchange closed at RMB 2,015/mt ($299/mt), down $7/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants’ capacity utilization rates have decreased slightly due to environmental inspection measures in some regions. Inventory in the coke market has declined, providing support for coke prices. At the same time, demand for coke from downstream steelmakers has improved, which will exert a positive impact on coke prices. It is expected that coke prices in the Chinese domestic market will move upwards in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,800 |
267 |
↑100 |
Zibo, Shandong |
1,900 |
282 |
↑100 |
||
Pingdingshan, Henan |
1,850 |
274 |
0 |
||
Tangshan |
1,850 |
274 |
0 |
||
Huaibei, Anhui |
2,030 |
301 |
0 |
||
Average |
1,886 |
280 |
↑40 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.74
