During the week ending April 29, metallurgical coke prices in the Chinese domestic market have continued their upward trend, while transaction activity in the overall market is still lively despite slackening a little. As of April 29, coke futures contract (1609) offers at Dalian Commodity Exchange closed at RMB 1,107/mt ($171/mt), up $7/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants have increased their ex-works prices for coke, resulting in rises in coke prices in the local spot market. However, since steelmakers have been unwilling to accept the higher prices, transaction activities for coke have been somewhat slower than in the previous week, though still remaining lively. Coke traders have stated that, compared to prices of finished steel and iron ore, coke prices had not increased by large margins in previous weeks and so they insisted on raising their coke offer prices. It is thought that coke prices in the Chinese domestic market will likely move on a stable trend in the coming week, despite the corrections seen in ferrous metal futures prices in China.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
750 |
116 |
↑170 |
Zibo ,Shandong |
840 |
130 |
↑40 |
||
Pingdingshan,Henan |
800 |
123 |
↑50 |
||
Tangshan |
950 |
147 |
↑120 |
||
Huaibei,Anhui |
900 |
139 |
↑140 |
||
Average |
848 |
131 |
↑104 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.48