During the week ending July 24, metallurgical coke prices in the Chinese domestic market have moved on a stable trend, while transaction activity in the overall market has been at decent levels. As of July 24, coke futures contract (1509) offers at Dalian Commodity Exchange closed at RMB 802/mt ($129/mt), down $1/mt week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, the downward movement of domestic finished steel prices has generally come to a halt, exerting a positive impact on the local coke market. Meanwhile, equilibrium exists between demand and supply in the coke market, which contributes to the stability of coke prices. Currently, inventories held by coking plants are at low levels and most coking plants are seeking to keep their prices stable. In addition, iron ore prices have indicated a slight rebound, which has provided some support for coke prices. It is expected that coke prices in the Chinese domestic market will continue their stable trend in the coming week.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
680 |
110 |
0 |
Zibo ,Shandong |
800 |
129 |
0 |
||
Pingdingshan,Henan |
800 |
129 |
0 |
||
Tangshan |
820 |
132 |
0 |
||
Huaibei,Anhui |
860 |
138 |
0 |
||
Average |
792 |
128 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21