During the week ending June 28, metallurgical coke prices in the Chinese domestic market have mostly moved on a decreasing trend, though remaining stable in Pingdingshan and Huaibei, while transaction activity in the overall market has been at low-to-medium levels. As of June 28, coke futures contract (1909) offers at Dalian Commodity Exchange closed at RMB 2,071/mt ($302/mt), down $2/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants’ capacity utilization rates have remained almost stable compared to the previous week, though production cuts have been implemented in some regions due to environmental protection measures. Some coking plants’ inventory levels have increased amid weak sentiment among downstream users. Production cuts in Tangshan have exerted a positive impact on finished steel prices, while the slacker demand will negatively affect the coke prices. It is thought that coke prices in the Chinese domestic market will move on a downward trend in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1.800 |
262 |
↓100 |
Zibo, Shandong |
1.900 |
277 |
↓100 |
||
Pingdingshan, Henan |
2.050 |
299 |
0 |
||
Tangshan |
2.000 |
292 |
↓50 |
||
Huaibei, Anhui |
2.130 |
310 |
0 |
||
Average |
1.976 |
288 |
↓50 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.86
