Latest situation in local Chinese coke market

Friday, 07 July 2017 14:46:33 (GMT+3)   |   Shanghai
       

During the week ending July 7, metallurgical coke prices in the Chinese domestic market have mostly indicated a stable trend, though increasing in Pingdingshan, Henan Province, while transaction activity in the overall market has been at decent levels. As of July 7, coke futures contract (1709) offers at Dalian Commodity Exchange closed at RMB 1,799/mt ($261/mt), up $7/mt week on week. Average coke prices in the local Chinese market are presented in the following table.

During the given week, domestic coking plants’ capacity utilization rates have continued to edge up, which will likely exert some negative pressure on coke prices, though coke prices have mostly been moving sideways. Finished steel prices have increased, providing a boost for the sales activities of coke producers. It is thought that some coke producers may increase their sales prices of coke as of the middle of this month. As for the coming week, it is expected that coke prices in the Chinese domestic market will move sideways, though slight upticks in prices are also possible. 

Product name

Specification

Place of origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Coke

Second grade

Hancheng, Shaanxi

1,550

228

0

Zibo, Shandong

1,650

243

0

Pingdingshan, Henan

1,630

240

↑50

Tangshan

1,680

247

0

Huaibei, Anhui

1,760

259

0

Average

1,654

243

↑10


17 percent VAT is included in all prices and all prices are ex-warehouse. 

$1 = RMB 6.80


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