During the week ending August 24, metallurgical coke prices in the Chinese domestic market have increased, while transaction activity in the overall market has been at medium levels. As of August 24, coke futures contract (1901) offers at Dalian Commodity Exchange closed at RMB 2,544/mt ($370/mt), down $20/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants’ capacity utilization rate has decreased slightly due to stricter environmental protection measures. Meanwhile, the inventory level of coke in spot market has been at low level and demand for coke has been at decent levels, providing certain support to coke prices. However, following previous rises in coke prices, coke futures prices at Dalian Commodity Exchange (DCE) have declined, indicating that market participants have started to be cautious towards prospect for the future coke market. It is expected that coke prices in the Chinese domestic market will likely move sideways in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
Coke |
Second grade |
Hancheng, Shaanxi |
2,280 |
332 |
↑120 |
Zibo, Shandong |
2,380 |
346 |
↑120 |
||
Pingdingshan, Henan |
2,380 |
346 |
↑100 |
||
Tangshan |
2,400 |
349 |
↑120 |
||
Huaibei, Anhui |
2,250 |
328 |
↑40 |
||
Average |
2,338 |
340 |
↑100 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.87
