During the week ending October 20, metallurgical coke prices in the Chinese domestic market have mostly declined, though prices have remained stable in Zibo and Huaibei, while transaction activity in the overall market has been at low levels. As of October 20, coke futures contract (1801) offers at Dalian Commodity Exchange closed at RMB 1,763/mt ($266/mt), down $21/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, Chinese steelmakers have been unwilling to conclude purchases of coke as many of them have been carrying out maintenance works, resulting in decreased capacity utilization rates and slacker demand for coke. Inventory levels of coke at coking plants have increased, which will likely exert a negative impact on coke prices. Meanwhile, coke futures prices in China declined significantly in the first four trading days of this week, though they have recovered today, October 20. It is thought that coke prices in the Chinese domestic market will soften further in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,960 |
296 |
↓150 |
Zibo, Shandong |
2,150 |
325 |
0 |
||
Pingdingshan, Henan |
2,080 |
314 |
↓200 |
||
Tangshan |
2,140 |
323 |
↓100 |
||
Huaibei, Anhui |
2,200 |
332 |
0 |
||
Average |
2,106 |
318 |
↓90 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.62
