During the week ending August 25, metallurgical coke prices in the Chinese domestic market have mostly remained stable, while transaction activity in the overall market has been at decent levels. As of August 25, coke futures contract (1801) offers at Dalian Commodity Exchange closed at RMB 2,474/mt ($371/mt), up $31/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coke futures prices in China have risen significantly, exerting a positive impact on the domestic coke spot market. Finished steel prices have moved up again following recent downward corrections, thereby providing support for prices of raw materials, including coke. However, participants in the coke market are now more cautious due to the higher levels of coke prices. It is thought that coke prices in the Chinese domestic market will likely increase in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,960 |
294 |
↑100 |
|
Zibo, Shandong |
1,960 |
294 |
0 |
||
|
Pingdingshan, Henan |
1,880 |
282 |
0 |
||
|
Tangshan |
1,990 |
299 |
0 |
||
|
Huaibei, Anhui |
2,000 |
300 |
0 |
||
|
Average |
1,958 |
294 |
↑20 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.66