During the week ending May 11, metallurgical coke prices in the Chinese domestic market have mostly increased, though remaining stable in Pingdingshan and Huaibei, while transaction activity in the overall market has been at medium levels. As of May 11, coke futures contract (1809) offers at Dalian Commodity Exchange closed at RMB 2,067/mt ($326/mt), up $12/mt compared to previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have increased amid the rises seen in coke prices. Recently, demand for coke from steelmakers has improved, which will provide solid support for coke prices. At the same time, coke futures prices have moved up, also exerting a positive impact on coke prices in the spot market. It is expected that coke prices in the Chinese domestic market will continue to move up in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
Coke |
Second grade |
Hancheng, Shaanxi |
1,610 |
254 |
↑50 |
Zibo, Shandong |
1,750 |
276 |
↑50 |
||
Pingdingshan, Henan |
1,830 |
289 |
0 |
||
Tangshan |
1,770 |
280 |
↑50 |
||
Huaibei, Anhui |
1,900 |
300 |
0 |
||
Average |
1,772 |
280 |
↑30 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.33
