During the week ending January 9, metallurgical coke prices in the Chinese domestic market have mostly remained on a stable trend, except in Tangshan, Hebei where prices have softened slightly, while transaction activity in the overall market has continued to be at decent levels. As of January 9, coke futures contract (1505) offers at Dalian Commodity Exchange closed at RMB 1,007/mt ($164/mt), remaining stable week on week.
Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
During the given week, some small and medium-sized steelmakers in Hebei Province have carried out maintenance work, negatively impacting coke demand in the local market in the province and resulting in a slight decline in local coke prices. Currently, coke inventories held by coking producers and steelmakers are at low levels, providing a certain degree of support for coke prices. Meanwhile, it is considered that iron ore prices are unlikely to decrease further in the short term, which will provide support for finished steel prices, thereby influencing the coke market in a positive way. It is expected that coke prices in the Chinese domestic market will continue their stable trend in the coming week.