During the week ending August 3, metallurgical coke prices in the Chinese domestic market have moved on a stable trend, while transaction activity in the overall market has been at medium levels. As of August 3, coke futures contract (1809) offers at Dalian Commodity Exchange closed at RMB 2,428/mt ($353/mt), up $27/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, Chinese coking plants’ capacity utilization rates have been stable at medium levels, while their inventories are relatively low. Downstream users have been seeking to conclude purchases and this has exerted a positive impact on coke prices. Due to environmental protection measures, some coal miners have halted their production, reducing coal supply and bolstering coke prices from the cost side. Meanwhile, finished steel prices in China have increased, providing support from the demand side. It is expected that coke prices in the Chinese domestic market will move upwards in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
Coke |
Second grade |
Hancheng, Shaanxi |
1,860 |
271 |
0 |
Zibo, Shandong |
1,960 |
286 |
0 |
||
Pingdingshan, Henan |
2,080 |
303 |
0 |
||
Tangshan |
1,980 |
289 |
0 |
||
Huaibei, Anhui |
2,160 |
315 |
0 |
||
Average |
2,008 |
293 |
0 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.86
