During the week ending February 5, most metallurgical coke prices in the Chinese domestic market have moved on a stable trend. Transaction activity in the overall market has been at low levels. As of February 5, coke futures contract (1605) offers at Dalian Commodity Exchange closed at RMB 641.5/mt ($98.0/mt), almost stable week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, domestic steelmakers have only been concluding purchases in line with their needs, resulting in slack activity and contributing to the stable trend of coke prices. Since today, February 5, is the final trading day ahead of the Chinese New Year holiday, it is expected that coke prices in the Chinese domestic market will remain on a stable trend during the holiday period, while it is thought that coke prices will likely edge up after the holiday.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 550 | 84 | 0 |
Zibo ,Shandong | 690 | 105 | 0 | ||
Pingdingshan,Henan | 650 | 99 | 0 | ||
Tangshan | 680 | 104 | 0 | ||
Huaibei,Anhui | 700 | 107 | 0 | ||
Average | 654 | 100 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.57