During the week ending June 3, metallurgical coke prices in the Chinese domestic market have indicated a stable trend, while transaction activity in the overall market has been at decent levels. As of June 3, coke futures contract (1609) offers at Dalian Commodity Exchange closed at RMB 857/mt ($131/mt), up $1/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, due to relative equilibrium between supply and demand, buyers and sellers have been unwilling to change their prices and so have kept them stable. Since coke prices did not rise sharply when finished steel prices previously indicated strong increases, coke prices have not been impacted so much by the recent declines in finished steel prices. It is thought that coke prices in the Chinese domestic market will likely continue their stable trend in the coming week.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
880 |
134 |
0 |
Zibo ,Shandong |
1,000 |
152 |
0 |
||
Pingdingshan,Henan |
980 |
149 |
0 |
||
Tangshan |
1,040 |
158 |
0 |
||
Huaibei,Anhui |
930 |
141 |
0 |
||
Average |
966 |
147 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.58