During the week ending March 17, average metallurgical coke prices in the Chinese domestic market have indicated a stable trend, while transaction activity in the overall market has been at medium levels. As of March 17, coke futures contract (1705) offers at Dalian Commodity Exchange closed at RMB 1,856/mt ($269/mt), up $23/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, the rising trend of domestic finished steel and semi-finished steel prices has provided a certain degree of support for coke prices in the domestic spot market. Meanwhile, China domestic ferrous metal futures prices have moved up, also exerting a positive impact on coke prices. Against the backdrop of the balance between demand and supply, it is expected that Chinese domestic coke prices will move sideways in the coming period.
Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | Second grade | Hancheng, Shaanxi | 1,580 | 229 | 0 |
Zibo, Shandong | 1,620 | 234 | 0 | ||
Pingdingshan, Henan | 1,680 | 243 | 0 | ||
Tangshan | 1,680 | 243 | 0 | ||
Huaibei, Anhui | 1,750 | 253 | 0 | ||
Average | 1,662 | 241 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.91