During the week ending October 16, metallurgical coke prices in the Chinese domestic market have mostly indicated a declining trend, though remaining stable in Shandong Province, while transaction activity in the overall market has been at low levels. As of October 16, coke futures contract (1601) offers at Dalian Commodity Exchange closed at RMB 739/mt ($116/mt), down $4/mt week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, since domestic steelmakers have exerted further pressure on coke prices, some coking plants and coke traders have had to reduce their prices. As for the short term, finished steel prices are unlikely to indicate a rebound, which will negatively influence the coke market. It is thought that coke prices in the Chinese domestic market will likely move sideways in the coming week.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
650 |
102 |
↓30 |
Zibo ,Shandong |
730 |
115 |
0 |
||
Pingdingshan,Henan |
740 |
117 |
↓20 |
||
Tangshan |
760 |
120 |
↓20 |
||
Huaibei,Anhui |
800 |
126 |
↓30 |
||
Average |
736 |
116 |
↓20 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.35