During the week ending February 17, average metallurgical coke prices in the Chinese domestic market have mostly declined, while transaction activity in the overall market has been at low-to-medium levels. As of February 17, coke futures contract (1705) offers at Dalian Commodity Exchange closed at RMB 1,695.5/mt ($247/mt), up $15/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, the significant rises in domestic finished steel and iron ore futures prices have boosted coke futures prices, but have not impacted domestic coke prices in the spot market. Slack inquiries and demand from steel mills have contributed to the soft trend of coke spot prices and resulted in low-to-medium levels of transaction activity. With steelmakers stepping up their production gradually, it is thought that coke prices in the Chinese domestic market will likely move sideways in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,600 |
233 |
0 |
Zibo, Shandong |
1,720 |
250 |
↓80 |
||
Pingdingshan, Henan |
1,750 |
255 |
↓30 |
||
Tangshan |
1,780 |
259 |
0 |
||
Huaibei, Anhui |
1,880 |
274 |
↓40 |
||
Average |
1,746 |
254 |
↓30 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.87