Since domestic finished steel and semi-finished steel prices have seen significant declines recently, some Chinese steelmakers have been seeking to pay reduced prices for coke. However, domestic coke producers have not accepted their request for lower prices, though it is expected that coke prices will indicate some declines in the coming period. Currently, coke consumption is at high levels as steelmakers want to build up inventories of steel products, and this has provided a certain degree of support for coke prices. However, coking plants' production capacity utilization rates have also increased, resulting in higher supply volumes. It is thought that coke prices in the Chinese domestic market will likely indicate some declines in the week ahead.
$1 = RMB 6.21