During the week ending April 13, metallurgical coke prices in the Chinese domestic market have mostly decreased, while transaction activity in the overall market has been at low-to-medium levels. As of April 13, coke futures contract (1809) offers at Dalian Commodity Exchange closed at RMB 1,759/mt ($280/mt), down $8/mt compared to March 30 when offer prices closed at RMB 1,807/mt ($288/mt). Average coke prices in the local Chinese market are presented in the following table.
During the given week, Chinese coking plants’ capacity utilization rates increased, resulting in greater coke supply. Meanwhile, coking coal prices have edged down slightly, easing the pressure from the cost side on coking plants. However, steelmakers reduced their purchase prices for coke, exerting a negative impact on prices in the coke market. Although more steelmakers have increased production in April and require more coke, they are still inclined to maintain a wait-and-see stance as regards coke purchases. It is thought that coke prices in China will likely edge down further in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (March 30) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,610 |
256 |
↓50 |
Zibo, Shandong |
1,650 |
263 |
↓100 |
||
Pingdingshan, Henan |
1,890 |
301 |
0 |
||
Tangshan |
1,680 |
268 |
↓110 |
||
Huaibei, Anhui |
1,900 |
303 |
↓50 |
||
Average |
1,746 |
278 |
↓62 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.28
