During the week ending July 12, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, while transaction activity in the overall market has been at low-to-medium levels. As of July 12, coke futures contract (1909) offers at Dalian Commodity Exchange closed at RMB 2,118.5/mt ($308/mt), down $3/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants’ capacity utilization rates have decreased due to environmental protection inspections and will likely decrease further in the future. Meanwhile, traders in the coke market have been seeking to conclude purchases, resulting in lower inventory levels at coke plants. However, coke futures prices at Dalian Commodity Exchange (DCE) have moved down, exerting a negative impact on coke prices in the spot market. It is expected that coke prices in the Chinese domestic market will move sideways in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,700 |
247 |
0 |
|
Zibo, Shandong |
1,800 |
262 |
0 |
||
|
Pingdingshan, Henan |
1,850 |
269 |
↓100 |
||
|
Tangshan |
1,850 |
269 |
0 |
||
|
Huaibei, Anhui |
2,030 |
295 |
0 |
||
|
Average |
1,846 |
269 |
↓20 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.87