During the week ending July 6, metallurgical coke prices in the Chinese domestic market have mostly moved on a decreasing trend, while transaction activity in the overall market has been at low-to-medium levels. As of July 6, coke futures contract (1809) offers at Dalian Commodity Exchange closed at RMB 2,011/mt ($303/mt), down $17/mt compared to the previous week due to the depreciation of the Chinese currency. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coke producers’ capacity utilization rates has been higher than in the previous week, while the producers have indicated that orders received from users have slackened. Meanwhile, coking coal prices have declined, weakening the support for coke prices. Moreover, finished steel prices have edged down, exerting a negative impact on the coke market. It is thought that coke prices in the Chinese domestic market will likely soften in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
Coke |
Second grade |
Hancheng, Shaanxi |
2,160 |
325 |
↓50 |
Zibo, Shandong |
2,260 |
340 |
↓40 |
||
Pingdingshan, Henan |
2,130 |
321 |
0 |
||
Tangshan |
2,280 |
343 |
↓50 |
||
Huaibei, Anhui |
2,160 |
325 |
0 |
||
Average |
2,198 |
331 |
↓28 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.64
