During the week ending January 5, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, while transaction activity in the overall market has been at low-to-medium levels. As of January 5, coke futures contract (1805) offers at Dalian Commodity Exchange closed at RMB 2,061.5/mt ($318/mt), up $14/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coke prices have mostly moved on a stable trend, causing coking plants to raise their capacity utilization rates, though they are unlikely to increase them to very high levels due to environmental protection measures. Currently, most regions in China have been hit by snowy weather conditions which hinder transportation of coke, resulting in rises in coke inventories held by coking plants. Meanwhile, steelmakers’ coke inventory levels have also risen slightly, exerting a negative impact on coke prices. On the other hand, coke futures prices have moved up marginally, which will likely provide some support for coke prices in the spot market. It is thought that coke prices in the Chinese domestic market will likely move sideways in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
2,210 |
341 |
0 |
Zibo, Shandong |
2,300 |
354 |
0 |
||
Pingdingshan, Henan |
2,290 |
353 |
↑100 |
||
Tangshan |
2,300 |
354 |
0 |
||
Huaibei, Anhui |
2,350 |
362 |
0 |
||
Average |
2,290 |
353 |
↑2 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.49
