During the week ending August 22, metallurgical coke prices in the Chinese domestic market have continued their stable trend, while transaction activity has remained at decent levels. As of August 22, coke futures contract (1501) offers at Dalian Commodity Exchange closed at RMB 1,103/mt ($179/mt), unchanged week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
During the given week, Chinese steelmakers' coke purchase volumes have remained at decent levels. Finished steel and iron ore prices have continued to move down, exerting some negative pressure on coke prices. Certain steelmakers have started to seek lower prices for coke in order to limit their production costs. However, it is expected that coke prices in the Chinese domestic market will remain on a stable trend in the coming week as steelmakers need to continue to purchase coke in order to maintain their daily production activities.
$1 = RMB 6,15