During the week ending August 31, metallurgical coke prices in the Chinese domestic market have mostly moved on a rising trend, while transaction activity in the overall market has been at medium levels. As of August 31, coke futures contract (1901) offers at Dalian Commodity Exchange closed at RMB 2,426/mt ($355/mt), down $15/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, due to strict environmental protection measures, domestic coking plants’ capacity utilization rates have decreased further. However, coking plants have received sufficient booking orders from downstream users. Due to support from good demand, coke producers are optimistic as regards the future prospects for the market. Coking coal prices have edged up, exerting a positive impact on coke prices from the cost side. It is thought that coke prices in the Chinese domestic market will increase further in the coming week, though by limited margins.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
Coke |
Second grade |
Hancheng, Shaanxi |
2,400 |
351 |
↑120 |
Zibo, Shandong |
2,500 |
365 |
↑120 |
||
Pingdingshan, Henan |
2,380 |
348 |
0 |
||
Tangshan |
2,520 |
368 |
↑120 |
||
Huaibei, Anhui |
2,370 |
346 |
↑120 |
||
Average |
2,434 |
356 |
↑96 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.84
