During the week ending October 19, metallurgical coke prices in the Chinese domestic market have increased in Tangshan and Huaibei, while moving sideways in other regions. Transaction activity in the overall market has been at medium levels. As of October 19, coke futures contract (1901) offers at Dalian Commodity Exchange closed at RMB 2,354/mt ($339/mt), down $27/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates are unchanged compared to the previous week, remaining at relatively high levels. Some coking plants’ coke inventory levels have risen. Meanwhile, coking coal prices have increased, exerting positive pressure on coke prices. Downstream users have been seeking to conclude purchases of coke given the current good profitability in steelmaking. It is expected that coke prices in the Chinese domestic market will likely move upwards within a limited range in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
|
Coke |
Second grade |
Hancheng, Shaanxi |
2,300 |
332 |
0 |
|
Zibo, Shandong |
2,400 |
346 |
0 |
||
|
Pingdingshan, Henan |
2,480 |
358 |
0 |
||
|
Tangshan |
2,420 |
349 |
↑100 |
||
|
Huaibei, Anhui |
2,470 |
356 |
↑100 |
||
|
Average |
2,414 |
348 |
↑40 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.93