Latest situation in local Chinese coke market

Friday, 15 May 2015 18:00:02 (GMT+3)   |   Shanghai
During the week ending May 15, metallurgical coke prices in the Chinese domestic market have indicated a stable trend, while transaction activity in the overall market is at decent levels. As of May 15, coke futures contract (1509) offers at Dalian Commodity Exchange closed at RMB 915.5/mt ($148/mt), down $3/mt week on week. Average coke prices in the local Chinese market are presented in the following table.

During the given week, domestic steelmakers have stepped up their purchases of coke, resulting in decent transaction activity in the market. Coking plants and traders have been seeking to keep their prices stable. The rebound in iron ore prices has exerted a positive impact on coke prices. As a result, it is difficult for steelmakers to push for lower prices for coke. Meanwhile, coking plants have reduced their outputs to some extent and so their inventory levels have declined. It is thought that coke prices in the Chinese domestic market will likely continue to move on a 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 6.20

Similar articles

Chinese coking plants struggle to raise local coke prices, coking coal prices down slightly

Second round of local coke price cuts implemented in China, more cuts awaited

Local coke market in China enters downtrend

Local coke in China remain stable, hopes for increase replaced by negative expectations

Local coke prices in China stable, but producers plan second round of price hikes

Local coke prices in China increase after 11 successive declines

Local coke prices in China stable, some hike attempts emerge

Local coke prices in China remain stable, coking coal slightly up

Local coke prices in China move sideways

Local coke prices in China move down as coking coal slips