During the week ending August 19, average metallurgical coke prices in the Chinese domestic market have continued their upward trend, though prices in Hancheng in Shaanxi Province and in Pingdingshan in Henan Province have remained stable, while transaction activity in the overall market has been at decent levels. As of August 19, coke futures contract (1701) offers at Dalian Commodity Exchange closed at RMB 1,263mt ($190/mt), up $12/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, production cuts have contributed to rises in domestic coke prices. Steelmakers have stepped up their purchases of coke, resulting in decent activity in the market. Meanwhile, coke futures prices in China have indicated significant rises, providing support for coke prices in the spot market. However, the continuous rises in coke prices have increased costs for steelmakers, who will likely begin to reduce their purchases of coke. It is expected that coke prices in the Chinese domestic market will move sideways in the coming week.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
850 |
128 |
0 |
Zibo ,Shandong |
1,130 |
170 |
↑80 |
||
Pingdingshan,Henan |
1,000 |
151 |
0 |
||
Tangshan |
1,100 |
166 |
↑50 |
||
Huaibei,Anhui |
1,020 |
154 |
↑20 |
||
Average |
1,020 |
154 |
↑30 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.65