During the week ending June 14, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, though increasing in Huaibei, while transaction activity in the overall market has been at medium levels. As of June 14, coke futures contract (1909) offers at Dalian Commodity Exchange closed at RMB 2,109/mt ($305/mt), down $5/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, Chinese coking plants’ capacity utilization rates have risen slightly, resulting in slight increases in the inventory levels of coke. Currently, coke producers are mostly cautious as regards the future prospects for the market. Meanwhile, steelmakers have started to push for lower coke prices due to their shrinking profitability. It is expected that coke prices in the Chinese domestic market will edge down in the coming week as demand from steelmakers will likely slacken.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
2,000 |
289 |
0 |
Zibo, Shandong |
2,100 |
303 |
0 |
||
Pingdingshan, Henan |
2,150 |
310 |
0 |
||
Tangshan |
2,150 |
310 |
0 |
||
Huaibei, Anhui |
2,130 |
307 |
↑100 |
||
Average |
2,106 |
304 |
↑20 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.93
