During the week ending May 29, metallurgical coke prices in the Chinese domestic market have mostly indicated a slight downtrend, though remaining stable in some cities, while transaction activity in the overall market is at decent levels. As of May 29, coke futures contract (1509) offers at Dalian Commodity Exchange closed at RMB 915.5/mt ($147.5/mt), up $0.5/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, since declines in the finished steel market in China have increased the pressure on domestic steelmakers, the latter have tried to lower their purchasing prices for coke, resulting in a slight downtrend of coke prices in many local markets. Iron ore prices have lately indicated a rebound, while finished steel prices have softened by smaller margins compared to the previous week. Given these factors, there has been some improvement in support for local coke prices. It is expected that coke prices in the Chinese domestic market will move on a stable trend in the coming week.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
700 |
113 |
0 |
Zibo ,Shandong |
830 |
134 |
↓20 |
||
Pingdingshan,Henan |
820 |
132 |
↓20 |
||
Tangshan |
850 |
137 |
↓10 |
||
Huaibei,Anhui |
900 |
145 |
0 |
||
Average |
820 |
132 |
↓10 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.20