During the week ending May 25, metallurgical coke prices in the Chinese domestic market have indicated an overall upward trend, while transaction activity in the overall market has been at medium levels. As of May 25, coke futures contract (1809) offers at Dalian Commodity Exchange closed at RMB 1,979/mt ($310/mt), down $18/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have decreased somewhat, though they are still at relatively high levels. Coking plants’ inventories are at low levels, while coking coal prices have increased, with both these factors providing support for coke prices. However, coke traders are now more willing to sell at the current high price levels, which may exert some negative pressure on coke prices. It is expected that coke prices in the Chinese domestic market will move up further in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,810 |
283 |
↑100 |
|
Zibo, Shandong |
2,000 |
313 |
↑100 |
||
|
Pingdingshan, Henan |
1,930 |
302 |
↑40 |
||
|
Tangshan |
2,030 |
318 |
↑110 |
||
|
Huaibei, Anhui |
1,960 |
307 |
↑40 |
||
|
Average |
1,868 |
292 |
↑78 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.39