During the week ending April 22, metallurgical coke prices in the Chinese domestic market have mostly continued their upward trend, though remaining stable in the provinces of Shaanxi and Anhui, while transaction activity in the overall market has been at decent levels. As of April 21, coke futures contract (1609) offers at Dalian Commodity Exchange closed at RMB 1,063/mt ($164/mt), up $28/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coke futures prices at Dalian Commodity Exchange (DCE) have surged upwards, providing strong support for coke prices in the spot market. Coking plants and coke traders have increased their offer prices by significant margins. Against the background of the sharp rises in domestic finished steel prices, Chinese steelmakers have resumed operations at some of their idled or suspended production capacities, boosting consumption and purchasing activities for coke. It is thought that coke prices in the Chinese domestic market will likely continue their upward trend in the coming week as bullish sentiment still prevails in the market.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
580 |
89 |
0 |
Zibo ,Shandong |
760 |
117 |
0 |
||
Pingdingshan,Henan |
750 |
115 |
↑60 |
||
Tangshan |
830 |
128 |
↑50 |
||
Huaibei,Anhui |
800 |
123 |
↑40 |
||
Average |
744 |
114 |
↑30 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.50