During the week ending June 12, metallurgical coke prices in the Chinese domestic market have followed a stable trend, while transaction activity in the overall market is at decent levels. As of June 12, coke futures contract (1509) offers at Dalian Commodity Exchange closed at RMB 901.5/mt ($145/mt), down $2.5/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, although steelmakers have tried to lower their purchase prices for coke, coke suppliers have insisted on keeping their prices unchanged. The downtrend in finished steel prices has been exerting negative pressure on coke prices, while coke inventory levels at Chinese ports and at domestic coking plants are at relatively low levels, which could provide some support for coke prices. It is expected that coke prices in the Chinese domestic market will move sideways in the coming week.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
700 |
113 |
0 |
Zibo ,Shandong |
830 |
134 |
0 |
||
Pingdingshan,Henan |
820 |
132 |
0 |
||
Tangshan |
850 |
137 |
0 |
||
Huaibei,Anhui |
900 |
145 |
0 |
||
Average |
820 |
132 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21