During the week ending April 21, average metallurgical coke prices in the Chinese domestic market have increased, while transaction activity in the overall market has been at medium levels. As of April 21, coke futures contract (1709) offers at Dalian Commodity Exchange closed at RMB 1,651/mt ($240/mt), down $6/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, Chinese domestic ferrous metal and raw material futures prices have rebounded in the past three days, especially prices of coke futures, exerting a positive impact on coke prices in the spot market. Meanwhile, steel mills have stepped up their coke purchases, also providing a certain level of support for coke prices in the domestic market. Market sentiment has now improved after the decreases previously recorded. It is expected that Chinese domestic coke prices will likely indicate a slight increase in the coming period.,
Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) | |
Coke | Second grade | Hancheng, Shaanxi | 1,800 | 262 | ↑20 | |
Zibo, Shandong | 1,900 | 276 | ↑20 | |||
Pingdingshan, Henan | 1,750 | 254 | 0 | |||
Tangshan | 1,880 | 273 | ↑30 | |||
Huaibei, Anhui | 1,880 | 273 | ↑30 | |||
Average | 1,842 | 268 | ↑20 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.88