During the week ending July 14, metallurgical coke prices in the Chinese domestic market have mostly indicated a rising trend, though remaining stable in Huaibei, Anhui Province, while transaction activity in the overall market has been at decent levels. As of July 14, coke futures contract (1709) offers at Dalian Commodity Exchange closed at RMB 1,840/mt ($271/mt), up $6/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, Chinese coke producers’ capacity utilization rates have declined slightly, though remaining at relatively elevated levels. In the meantime, domestic finished steel prices have fluctuated at high levels and steelmakers’ profitability has been good, while inventory levels of coke have declined. In the given week, coke futures prices have increased slightly. It is thought that coke prices in the Chinese domestic market will likely move up further in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,600 |
236 |
↑50 |
|
Zibo, Shandong |
1,700 |
251 |
↑50 |
||
|
Pingdingshan, Henan |
1,700 |
251 |
↑70 |
||
|
Tangshan |
1,730 |
255 |
↑50 |
||
|
Huaibei, Anhui |
1,760 |
260 |
0 |
||
|
Average |
1,698 |
250 |
↑44 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.78