During the week ending July 20, metallurgical coke prices in the Chinese domestic market have mostly continued to soften, while transaction activity in the overall market has been at low-to-medium levels. As of July 20, coke futures contract (1809) offers at Dalian Commodity Exchange closed at RMB 2,054/mt ($303/mt), down $1/mt compared to the previous week due to the depreciation of the Chinese currency. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have decreased due to environmental protection measures. Meanwhile, coking plants have been willing to sell at lower prices in order to reduce their inventories. At the same time, coking coal prices have also moved down, exerting a negative impact on coke prices. Moreover, steelmakers’ demand for coke has slackened amid the hot weather conditions. It is expected that coke prices in the Chinese domestic market will continue to move down in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
Coke |
Second grade |
Hancheng, Shaanxi |
1,960 |
289 |
↓100 |
Zibo, Shandong |
1,960 |
289 |
↓100 |
||
Pingdingshan, Henan |
2,130 |
314 |
0 |
||
Tangshan |
1,980 |
292 |
↓200 |
||
Huaibei, Anhui |
2,160 |
318 |
0 |
||
Average |
2,038 |
300 |
↓80 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.79
