During the week ending November 10, metallurgical coke prices in the Chinese domestic market have mostly moved on a soft trend, though remaining stable in Zibo and Huaibei, while transaction activity in the overall market has been at low levels. As of November 10, coke futures contract (1801) offers at Dalian Commodity Exchange closed at RMB 1,827/mt ($275/mt), up $14/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, Chinese coking plants’ capacity utilization rates have decreased further as some coking plants have reduced output due to the losses they have incurred. Meanwhile, steelmakers with high inventories of coke have been unwilling to purchase more coke and this has exerted negative pressure on coke prices. On the other hand, coke futures prices in China have rebounded. It is thought that coke prices in the Chinese domestic market will edge down slightly in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,580 |
238 |
↓80 |
Zibo, Shandong |
1,650 |
248 |
0 |
||
Pingdingshan, Henan |
1,730 |
261 |
↓100 |
||
Tangshan |
1,615 |
243 |
↓75 |
||
Huaibei, Anhui |
2,030 |
306 |
0 |
||
Average |
1,721 |
259 |
↓51 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.64
