During the week ending November 6, metallurgical coke prices in the Chinese domestic market have mostly indicated a downward trend, though remaining stable in Huaibei, Anhui Province, while transaction activity in the overall market has been at decent levels, despite slackening somewhat. As of November 6, coke futures contract (1601) offers at Dalian Commodity Exchange closed at RMB 712.5/mt ($112/mt), down $1.5/mt week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, the reductions some major domestic steelmakers have made to their coke purchase prices have exerted a negative impact on the coke spot market, resulting in a declining trend for coke prices. Meanwhile, steelmakers have slowed down their purchases, also negatively affecting coke prices. Furthermore, the soft trend of iron ore prices has impacted sentiment in the coke market. It is expected that coke prices in the Chinese domestic market will continue their downtrend in the coming week.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
620 |
98 |
↓20 |
Zibo ,Shandong |
720 |
113 |
↓10 |
||
Pingdingshan,Henan |
720 |
113 |
↓20 |
||
Tangshan |
740 |
117 |
↓20 |
||
Huaibei,Anhui |
800 |
126 |
0 |
||
Average |
720 |
113 |
↓14 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.35