During the week ending June 2, average metallurgical coke prices in the Chinese domestic market have indicated an overall downward trend, while transaction activity in the overall market has been at low-to-medium levels. As of June 2, coke futures contract (1709) offers at Dalian Commodity Exchange closed at RMB 1,391/mt ($204/mt), down $22/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, the production activities of Chinese coking enterprises have increased amid reduced pressure from official environmental protection measures. Due to the resulting higher capacity utilization rates, domestic coke prices have softened. Meanwhile, coking coal prices have declined, exerting negative pressure on coke prices. It is thought that coke prices in the Chinese domestic market will likely continue their downward trend in the coming week.
| Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | Second grade | Hancheng, Shaanxi | 1,600 | 235 | ↓30 |
| Zibo, Shandong | 1,650 | 242 | ↓50 | ||
| Pingdingshan, Henan | 1,665 | 244 | ↓60 | ||
| Tangshan | 1,680 | 247 | ↓50 | ||
| Huaibei, Anhui | 1,800 | 264 | 0 | ||
| Average | 1,679 | 247 | ↓38 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.81
