During the week ending March 16, 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 March 16, coke futures contract (1805) offers at Dalian Commodity Exchange closed at RMB 1,996/mt ($316/mt), down $5/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have decreased significantly due to production cuts in northern China aimed at reducing pollution. Demand from downstream users has not improved significantly, resulting in pressure on some coking plants, which will negatively impact coke prices in the coming period. Meanwhile, coking coal prices are at relatively high levels, which will provide some support for coke prices from the cost side. At the same time, coke futures prices have softened over the past week. It is thought that coke prices in the Chinese domestic market will likely edge down in the week ahead.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,860 |
294 |
0 |
Zibo, Shandong |
1,950 |
308 |
0 |
||
Pingdingshan, Henan |
2,090 |
330 |
0 |
||
Tangshan |
1,940 |
306 |
↓50 |
||
Huaibei, Anhui |
2,100 |
332 |
0 |
||
Average |
2,035 |
321 |
↓10 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.33
