During the week ending December 8, metallurgical coke prices in the Chinese domestic market have mostly moved upwards, though remaining stable in Huaibei. Transaction activity in the overall market has been at medium levels. As of December 8, coke futures contract (1805) offers at Dalian Commodity Exchange closed at RMB 2,065/mt ($312/mt), down $13/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, Chinese coking plants’ capacity utilization rates have remained at low levels, resulting in supply shortages and thereby boosting coke prices. Meanwhile, coking coal prices have risen slightly, exerting a positive impact on coke prices. However, demand for coke has been at relatively low levels. Additionally, coke futures prices at Dalian Commodities Exchange (DCE) have softened in recent trading days. It is expected that coke prices in the Chinese domestic market will edge up slightly in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,760 |
266 |
↑200 |
Zibo, Shandong |
1,850 |
279 |
↑100 |
||
Pingdingshan, Henan |
1,890 |
285 |
↑220 |
||
Tangshan |
1,875 |
283 |
↑110 |
||
Huaibei, Anhui |
1,900 |
287 |
0 |
||
Average |
1,855 |
280 |
↑126 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.62
