Latest situation in local Chinese coke market

During the week ending May 8, metallurgical coke prices in the Chinese domestic market have moved a stable trend, while transaction activity in the overall market has declined slightly compared to last week, though still remaining at decent levels. As of May 8, coke futures contract (1509) offers at Dalian Commodity Exchange closed at RMB 934/mt ($151/mt), up $1/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, although iron ore prices have indicated a rebound, domestic steelmakers have slowed down their purchasing activities for coke, thereby slackening support for coke prices and contributing to the stable trend seen in coke transaction prices. Since steelmakers were reluctant to pay higher prices for coke and as coke futures prices only saw a slight rebound, coke prices in the recent period had not indicated a strong rising trend. Some coking plants have cut back on their production in order to provide support for prices and inventories of coke in the market have decreased slightly. It is expected that coke prices in the Chinese domestic market will likely continue their stable trend in the coming week. 
 
 
 

Product name	Spec.	Place of origin	Price (RMB/mt)	Price ($/mt)	Weekly change (RMB/mt)
Coke	2nd grade	Hancheng,Shaanxi	720	116	0
		Zibo ,Shandong	850	137	0
		Pingdingshan,Henan	880	142	0
		Tangshan	900	145	0
		Huaibei,Anhui	900	145	0
		Average	850	137	0

17 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.21