During the week ending August 12, average metallurgical coke prices in the Chinese domestic market have continued the upward trend, though prices in Huaibei in Anhui Province have remained stable, while transaction activity in the overall market has been at decent levels. As of August 12, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 1,181.5mt ($171.5/mt), up $6.5/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coke futures prices at Dalian Commodity Exchange (DCE) have indicated sharp rises, exerting a positive influence on the domestic coke market and providing support for spot market prices. Bullish sentiment prevails among coke traders. Meanwhile, the volumes purchased by steelmakers have been at decent levels. At the same time, supply side reforms have had a positive impact on the coke market. It is thought that coke prices will likely move up in the coming week.
| Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | 2nd grade | Hancheng,Shaanxi | 850 | 128 | ↑70 |
| Zibo ,Shandong | 1,050 | 158 | ↑80 | ||
| Pingdingshan,Henan | 1,000 | 151 | ↑50 | ||
| Tangshan | 1,050 | 158 | ↑70 | ||
| Huaibei,Anhui | 1,000 | 151 | 0 | ||
| Average | 990 | 149 | ↑54 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.64