During the week ending August 14, metallurgical coke prices in the Chinese domestic market have followed a slight downtrend, while transaction activity in the overall market has slackened compared to the previous week and is currently at low levels. As of August 14, coke futures contract (1601) offers at Dalian Commodity Exchange closed at RMB 825.5/mt ($133/mt), up $4/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, steelmakers have exerted downward pressure on prices from coking plants and traders, while many coking plants are unwilling to sell at lower prices, and this has contributed to the sluggishness of transaction activity. While the massive explosions in Tianjin on August 12 will impact transportation at Tianjin port, coke prices are not expected to be impacted in any significant way, while the rising trend in ferrous metals futures prices has provided a certain degree of support for coke prices. It is thought that coke prices will likely again indicate a slight downtrend in the coming week.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
680 |
106 |
0 |
Zibo ,Shandong |
780 |
122 |
↓20 |
||
Pingdingshan,Henan |
780 |
122 |
↓20 |
||
Tangshan |
820 |
128 |
0 |
||
Huaibei,Anhui |
830 |
130 |
↓30 |
||
Average |
792 |
122 |
↓14 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.40