During the week ending May 4, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, though indicating rises in Zibo and Tangshan, while transaction activity in the overall market has been at medium levels. As of May 4, coke futures contract (1809) offers at Dalian Commodity Exchange closed at RMB 1,993/mt ($314/mt), up $15/mt compared to previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants’ capacity utilization rates have increased, boosting coke supply to the spot market. Demand from downstream users has been stable, while steelmakers’ coke inventories are at relatively high levels. Although coking plants are upbeat on the future prospects for the market, traders and steel mills are more cautious. It is thought that coke prices in the Chinese domestic market will likely move sideways in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (March 30) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,560 |
245 |
0 |
Zibo, Shandong |
1,700 |
267 |
↑50 |
||
Pingdingshan, Henan |
1,830 |
288 |
0 |
||
Tangshan |
1,720 |
270 |
↑50 |
||
Huaibei, Anhui |
1,900 |
299 |
0 |
||
Average |
1,742 |
274 |
↑20 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.36
