During the week ending June 23, metallurgical coke prices in the Chinese domestic market have mostly indicated a stable trend, though seeing declines in Hancheng, Shaanxi Province and Pingdingshan, Henan Province, while transaction activity in the overall market has been at low levels. As of June 23, coke futures contract (1709) offers at Dalian Commodity Exchange closed at RMB 1,636/mt ($239/mt), up $15/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, the capacity utilization of coking plants in China has indicated a rising trend, easing the supply shortages in the market, while inventories of coke have risen slightly. Coking coal prices have moved down by small margins, weakening the support for coke prices. On the other hand, finished steel prices have increased, exerting a positive impact on demand for coke. It is thought that coke prices in the Chinese domestic market will likely move sideways in the coming week or they may edge up slightly if coke futures prices increase.
| Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | Second grade | Hancheng, Shaanxi | 1,510 | 221 | ↓40 |
| Zibo, Shandong | 1,600 | 234 | 0 | ||
| Pingdingshan, Henan | 1,580 | 231 | ↓45 | ||
| Tangshan | 1,630 | 238 | 0 | ||
| Huaibei, Anhui | 1,760 | 257 | 0 | ||
| Average | 1,616 | 236 | ↓17 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.84