During the given week, inventory levels of coke in the domestic market have risen, exerting a negative impact on local coke prices. At the same time, iron ore prices have continued to soften, which has also influenced prices of coke. Steelmakers have stepped up their coke purchases in order to replenish stocks, resulting in improved transaction activities. Meanwhile, futures prices of finished steel, iron ore and coke have indicated sharp downtrends. It is expected that coke prices in the Chinese domestic market will continue their slight downward movement in the coming week.
$1 = RMB 6,21