During the week ending December 26, metallurgical coke prices in the Chinese domestic market have remained on a stable trend, while transaction activity in the overall market has continued to be at decent levels. As of December 26, coke futures contract (1505) offers at Dalian Commodity Exchange closed at RMB 1,007/mt ($164/mt), down $6/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, sideways movement in Chinese coke prices was mostly supported by the supply-demand balance. Though steelmakers tried to convince coke producers to lower their prices, they have been refused because trading activities were in decent levels. However, since finished steel prices continued to move downwards, coke producers' request of raising their prices has not also been accepted. It is expected that coke prices in the Chinese domestic market will remain on a stable trend in the coming week.