During the week ending April 28, 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 April 28, coke futures contract (1709) offers at Dalian Commodity Exchange closed at RMB 1,629/mt ($236/mt), down $4/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, the rebounds seen in the domestic finished steel and iron ore markets and the increases in the ferrous metal futures market in China have provided support for the stability of domestic coke prices. It is thought that Chinese domestic coke prices will likely move up slightly in the coming week.
Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | Second grade | Hancheng, Shaanxi | 1,800 | 261 | 0 |
Zibo, Shandong | 1,900 | 275 | 0 | ||
Pingdingshan, Henan | 1,750 | 254 | 0 | ||
Tangshan | 1,880 | 272 | 0 | ||
Huaibei, Anhui | 1,880 | 272 | 0 | ||
Average | 1,842 | 267 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.90