Latest situation in local Chinese coke market

Friday, 24 February 2017 14:59:18 (GMT+3)   |   Shanghai
       

During the week ending February 24, average metallurgical coke prices in the Chinese domestic market have mostly indicated a downward movement, while transaction activity in the overall market has been at low-to-medium levels. As of February 24, coke futures contract (1705) offers at Dalian Commodity Exchange closed at RMB 1,716/mt ($250/mt), up $3/mt week on week. Average coke prices in the local Chinese market are presented in the following table.

During the given week, market sentiment has weakened in the past week against the backdrop of the correction seen in prices of finished and semi-finished steel in the Chinese domestic market. Coking plants have been eager to sell and so have lowered their prices in the spot market. Meanwhile, steelmakers have not been so willing to buy and have limited their purchases in order to push down coke prices, resulting in slack transaction activity in the given week. It is thought that coke prices in the Chinese domestic market will continue to move down further in the week ahead.

 

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

1,650

240

↓70

Pingdingshan, Henan

1,700

247

↓50

Tangshan

1,700

247

↓80

Huaibei, Anhui

1,800

262

↓80

Average

1,690

246

↓56


17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.87


Similar articles

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Local coke prices in China fall again, decline likely to halt next week

22 Mar | Scrap & Raw Materials

Ukraine’s ArcelorMittal Kryvyi Rih posts lower pig iron output due to Russia’s attacks on energy infrastructure

21 Mar | Steel News

China’s coke exports up 20.5 percent in January-February

20 Mar | Steel News

Local coke prices in China decline, further cuts expected

15 Mar | Scrap & Raw Materials

Ukraine’s DMZ posts lower finished steel output for February

12 Mar | Steel News

Chinese coking coal market goes down, export coke follows

08 Mar | Scrap & Raw Materials

Ukraine's Zaporizhkoks posts higher coke output for February

07 Mar | Steel News

Local coke prices in China continue to move down

01 Mar | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 11.21 percent in January

29 Feb | Steel News