During the week ending March 23, metallurgical coke prices in the Chinese domestic market have mostly declined, but with some prices moving sideways, while transaction activity in the overall market has been at low-to-medium levels. As of March 23, coke futures contract (1805) offers at Dalian Commodity Exchange closed at RMB 1,852/mt ($293/mt), down $23/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coke prices in northern China have indicated significant decreases as steelmakers have not resumed production to the levels anticipated by market players. Meanwhile, coke inventories are at high levels in the spot market, exerting a negative impact on coke prices. At the same time, bearish sentiment prevails in the financial market and also in the coke futures market at Dalian Commodity Exchange (DCE). It is expected that coke prices in the Chinese domestic market will likely continue to edge down in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,810 |
286 |
↓50 |
Zibo, Shandong |
1,850 |
293 |
↓100 |
||
Pingdingshan, Henan |
2,090 |
331 |
0 |
||
Tangshan |
1,910 |
302 |
↓30 |
||
Huaibei, Anhui |
2,100 |
332 |
0 |
||
Average |
1,952 |
309 |
↓36 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.32
