During the week ending September 14, metallurgical coke prices in the Chinese domestic market have edged up in Hancheng and Pingdingshan, while moving down in Zibo and Tangshan, though remaining stable in Huaibei. Transaction activity in the overall market has been at medium levels. As of September 14, coke futures contract (1901) offers at Dalian Commodity Exchange closed at RMB 2,259/mt ($330/mt), down $14/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have continued to increase. Meanwhile, coke inventories held by steelmakers are at relatively high levels and so they are not in such a rush to purchase coke. At the same time, coking coal prices have moved sideways, providing some support for coke prices. Coking plants’ coke inventories are on the low side at present. It is expected that coke prices in the Chinese domestic market will edge down slightly in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
|
Coke |
Second grade |
Hancheng, Shaanxi |
2,500 |
365 |
↑100 |
|
Zibo, Shandong |
2,500 |
365 |
↓100 |
||
|
Pingdingshan, Henan |
2,580 |
377 |
↑100 |
||
|
Tangshan |
2,520 |
368 |
↓100 |
||
|
Huaibei, Anhui |
2,470 |
361 |
0 |
||
|
Average |
2,514 |
367 |
0 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.85