Latest situation in local Chinese coke market

During the week ending February 6, metallurgical coke prices in the Chinese domestic market have continued to indicate some slight downticks in certain regions, though prices in other regions have remained stable, while transaction activity in the overall market has been poor. As of February 6, coke futures contract (1505) offers at Dalian Commodity Exchange closed at RMB 1,039/mt ($166/mt), up $2/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, domestic steelmakers tried to purchase coke at lower prices, forcing some coking enterprises and traders to lower their prices in order to stimulate transaction activity. Nevertheless, transaction volumes continued to shrink. As next week will be the last trading week before the Spring Festival holiday (February 18-24), some buyers and sellers in coke market will suspend their activities. It is expected that coke prices in the Chinese domestic market will remain on a stable trend in the coming week, though slight declines may also be seen. 
 

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