During the week ending October 13, metallurgical coke prices in the Chinese domestic market have mostly indicated a declining trend, though prices have remained stable in Pingdingshan and Huaibei, while transaction activity in the overall market has been at low levels. As of October 13, coke futures contract (1801) offers at Dalian Commodity Exchange closed at RMB 1,891/mt ($287/mt), down $5/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, amid increased environmental protection measures in northern China, coking plants’ capacity utilization has continued to decline. However, steelmakers’ capacity utilization has also decreased, resulting in reduced demand for coke and exerting a negative impact on coke prices. After the long holiday, coke futures prices declined in the first three trading days, but started to move up on October 12 and have risen sharply on October 13, and this will likely provide support for coke prices in the spot market in the coming period. It is thought that coke prices in the Chinese domestic market will likely move sideways in the week ahead, while a close eye also needs to be kept on the impact of environmental protection measures.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
2,110 |
320 |
↓50 |
|
Zibo, Shandong |
2,150 |
326 |
↓60 |
||
|
Pingdingshan, Henan |
2,280 |
346 |
0 |
||
|
Tangshan |
2,240 |
340 |
↓50 |
||
|
Huaibei, Anhui |
2,200 |
334 |
0 |
||
|
Average |
2,196 |
333 |
↓32 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.59