Latest situation in local Chinese coke market

Friday, 15 June 2018 11:12:29 (GMT+3)   |   Shanghai
       

During the week ending June 15, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, though increasing in Hancheng and Zibo, while transaction activity in the overall market has been at medium levels. As of June 15, coke futures contract (1809) offers at Dalian Commodity Exchange closed at RMB 2,196/mt ($343/mt), up RMB 120/mt ($19/mt) compared to the 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 continued to increase as coking plants have gradually resumed production after the Shanghai Cooperation Organization Summit (SCO) 2018. Sentiment among coke producers is positive. Moreover, coking coal prices have moved up, providing support for coke prices from the cost side. However, steelmakers are more cautious about concluding purchases of coke following the rises already seen in coke prices. It is thought that coke prices in the Chinese domestic market may edge up in the coming week, though risks of a potential correction will need to be observed.

Product name

Specification

Place of origin

Price (RMB/mt)

Price ($/mt)

Change
(RMB/mt)

Coke

Second grade

Hancheng, Shaanxi

2,110

329

↑100

Zibo, Shandong

2,200

343

↑100

Pingdingshan, Henan

2,030

316

0

Tangshan

2,230

347

0

Huaibei, Anhui

2,060

321

0

Average

2,126

331

↑40

16 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.42


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