During the week ending July 8, metallurgical coke prices in the Chinese domestic market have moved sideways, while transaction activity in the overall market has been at low levels. As of July 8, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 978/mt ($147/mt), almost remaining stable week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, activity in the coke market has been fairly quiet. Steelmakers have been making purchases in line with their needs, seeking to exert pressure on coke prices. However, coking coal prices have recently moved on a slight uptrend, which will provide some support for coke prices. It is thought that coke prices in the Chinese domestic market will likely continue their stable movement in the coming week on the back of support from rises in prices of semi-finished steel and some finished steel products.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
780 |
117 |
↓20 |
Zibo ,Shandong |
900 |
135 |
0 |
||
Pingdingshan,Henan |
920 |
138 |
20 |
||
Tangshan |
930 |
139 |
0 |
||
Huaibei,Anhui |
1.000 |
149 |
0 |
||
Average |
906 |
147 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.69