During the week ending May 10, metallurgical coke prices in the Chinese domestic market have mostly increased, though remaining stable in Hancheng and Huaibei, while transaction activity in the overall market has been at medium levels. As of May 10, coke futures contract (1909) offers at Dalian Commodity Exchange closed at RMB 2,167/mt ($299/mt), up $20/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants’ capacity utilization rates have risen slightly, while coke inventories have decreased. Coke producers are upbeat on the future prospects for prices as production restrictions are expected to be imposed on coking plants in Shanxi Province due to environmental measures, while production restrictions on steelmakers in Tangshan are now less strict. It is expected that coke prices in the Chinese domestic market will move up in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,800 |
264 |
0 |
|
Zibo, Shandong |
2,000 |
294 |
↑100 |
||
|
Pingdingshan, Henan |
1,950 |
286 |
↑100 |
||
|
Tangshan |
1,950 |
286 |
↑100 |
||
|
Huaibei, Anhui |
2,030 |
298 |
0 |
||
|
Average |
1,946 |
286 |
↑60 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.81