During the given week, steelmakers and coking plants in the Chinese domestic market have been happy with the stable trend of coke prices. According to market sources, coal prices have bottomed out, providing support for coke prices. Meanwhile, the capacity utilization of coking enterprises has been at good levels, while domestic steelmakers have continued their purchasing activities. It is expected that coke prices in the Chinese domestic market will continue their sideways trend in the coming week.
Latest situation in local Chinese coke market
During the week ending August 1, metallurgical coke prices in the Chinese domestic market have been on a stable trend, while transaction activity has remained at decent levels. As of August 1, coke futures contract (1501) offers at Dalian Commodity Exchange closed at RMB 1,112/mt ($179/mt), down $2/mt week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
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