During the week ending March 9, metallurgical coke prices in the Chinese domestic market have moved on a stable trend, while transaction activity in the overall market has been at low-to-medium levels. As of March 9, coke futures contract (1805) offers at Dalian Commodity Exchange closed at RMB 2,035/mt ($321/mt), down $32/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coke futures prices at Dalian Commodity Exchange (DCE) have indicated significant declines. Meanwhile, since domestic finished steel prices have moved downwards, Chinese steelmakers have been more cautious about concluding purchases of coke. It is thought that coke prices in the Chinese domestic market will likely move sideways or indicate a slight downtrend in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,860 |
293 |
0 |
Zibo, Shandong |
1,950 |
308 |
0 |
||
Pingdingshan, Henan |
2,090 |
330 |
0 |
||
Tangshan |
1,990 |
314 |
0 |
||
Huaibei, Anhui |
2,100 |
331 |
0 |
||
Average |
2,045 |
323 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.34
