During the week ending September 19, metallurgical coke prices in the Chinese domestic market have continued their stable trend, while transaction activity has remained at decent levels. As of September 19, coke futures contract (1501) offers at Dalian Commodity Exchange closed at RMB 1,077/mt ($175/mt) up $1/mt week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
During the given week, the sales of coking plants and coke traders in China have been performing well, while the coke purchasing activities of both steelmakers and traders have improved and are at good levels, providing a certain degree of support for coke prices. Against the backdrop of recent upticks in prices of semi-finished steel and iron ore, it is expected that in the coming week coke prices in the Chinese domestic market will either continue their stable trend or indicate a slight rising movement.