During the week ending November 2, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, while slight rises have been seen in Hancheng, Shaanxi Province. Transaction activity in the overall market has been at low-to-medium levels. As of November 2, coke futures contract (1901) offers at Dalian Commodity Exchange closed at RMB 2,362/mt ($34.0/mt), down $9/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have declined slightly as some of them have implemented production cuts with the approach of the winter season. Currently, coking plants’ coke inventories are at relatively low levels, providing support for prices of coke. Demand for coke from steelmakers has been at good levels. It is expected that coke prices in the Chinese domestic market will move sideways in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
Coke |
Second grade |
Hancheng, Shaanxi |
2,400 |
349 |
↑100 |
Zibo, Shandong |
2,500 |
363 |
0 |
||
Pingdingshan, Henan |
2,480 |
360 |
0 |
||
Tangshan |
2,520 |
366 |
↑0 |
||
Huaibei, Anhui |
2,470 |
359 |
0 |
||
Average |
2,474 |
360 |
↑20 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.88
