During the week ending September 7, metallurgical coke prices in the Chinese domestic market have mostly moved on a rising trend, though remaining stable in Hancheng, while transaction activity in the overall market has been at medium levels. As of September 7, coke futures contract (1901) offers at Dalian Commodity Exchange closed at RMB 2,350/mt ($344/mt), down $11/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have risen slightly as environmental protection measures for coking plants have eased to some extent. Although coke prices have increased during the given week, steelmakers have been unwilling to accept the rises. Meanwhile, coking coal prices have edged up, providing support from the cost side. Currently, steelmakers’ profitability is relatively good, exerting a positive impact on the coke market due to expectations of improved demand. However, coke inventories in general have increased, while coke futures prices at Dalian Commodity Exchange (DCE) have moved down, and these factors will negatively affect coke prices. It is thought that coke prices in the Chinese domestic market will likely move on a soft trend in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
Coke |
Second grade |
Hancheng, Shaanxi |
2,400 |
351 |
0 |
Zibo, Shandong |
2,600 |
380 |
↑100 |
||
Pingdingshan, Henan |
2,480 |
363 |
↑100 |
||
Tangshan |
2,620 |
383 |
↑100 |
||
Huaibei, Anhui |
2,470 |
361 |
↑100 |
||
Average |
2,514 |
368 |
↑80 |
16 percent VAT is included in all prices and all prices are ex-warehouse
$1 = RMB 6.84
