During the week ending May 13, metallurgical coke prices in the Chinese domestic market have continued their upward trend, while transaction activity in the overall market has been at decent levels. As of May 13, coke futures contract (1609) offers at Dalian Commodity Exchange closed at RMB 870/mt ($134/mt), down $17/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, regions of China where coke prices had recorded relatively small increases in the previous period have seen relatively larger price rises compared to other regions. In order to replenish their coke inventories, domestic steelmakers have stepped up their purchasing activities, resulting in decent activity levels in the market. Currently, the profit margins of coke producers are not so good and so the producers will likely push for price increases in the coming period. However, the overall declines in ferrous metal prices have weakened the support for coke prices. It is thought that coke prices in the Chinese domestic market will likely move sideways in the coming week.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
880 |
135 |
↑80 |
Zibo ,Shandong |
930 |
143 |
↑30 |
||
Pingdingshan,Henan |
980 |
150 |
↑100 |
||
Tangshan |
1,040 |
160 |
0 |
||
Huaibei,Anhui |
930 |
143 |
0 |
||
Average |
952 |
146 |
↑42 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.52