During the week ending June 30, metallurgical coke prices in the Chinese domestic market have mostly increased, though moving sideways in Huaibei, Anhui Province and in Pingdingshan, Henan Province, while transaction activity in the overall market has been at decent levels. As of June 30, coke futures contract (1709) offers at Dalian Commodity Exchange closed at RMB 1,752/mt ($258/mt), up $19/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants’ capacity utilization rates have risen due to the easing of restrictions on production. Coking coal prices have moved on a stable trend in the given week, though coal miners have been seeking to raise their prices for coal given the increases seen in the coke market. Coke futures prices have also risen, providing support for coke prices in the spot market. It is thought that coke prices in the Chinese domestic market will likely move on a stable trend or edge up slightly in the coming week.
| Product name | Specification | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Coke | Second grade | Hancheng, Shaanxi | 1,550 | 229 | ↑40 |
| Zibo, Shandong | 1,650 | 243 | ↑50 | ||
| Pingdingshan, Henan | 1,580 | 233 | 0 | ||
| Tangshan | 1,680 | 248 | ↑50 | ||
| Huaibei, Anhui | 1,760 | 260 | 0 | ||
| Average | 1,644 | 242 | ↑28 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.78
