During the week ending December 15, metallurgical coke prices in the Chinese domestic market have mostly moved upwards, though remaining stable in Pingdingshan. Transaction activity in the overall market has been at medium levels. As of December 15, coke futures contract (1805) offers at Dalian Commodity Exchange closed at RMB 2,056/mt ($311/mt), down $1/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have remained at low levels, their coke inventories have decreased and supply to the market has been on the tight side, providing support for prices in the coke market. Traders have been seeking to build up their inventories. Meanwhile, coking coal prices have moved up slightly, boosting coke prices from the cost side. On the other hand, coke futures prices at Dalian Commodity Exchange (DCE) have softened slightly. It is thought that coke prices in the Chinese domestic market will continue to rise in the coming week, though by limited margins.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,960 |
297 |
↑200 |
|
Zibo, Shandong |
2,050 |
310 |
↑200 |
||
|
Pingdingshan, Henan |
1,890 |
286 |
0 |
||
|
Tangshan |
2,075 |
314 |
↑200 |
||
|
Huaibei, Anhui |
2,100 |
318 |
↑200 |
||
|
Average |
2,015 |
305 |
↑160 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.61