During the week ending January 4, metallurgical coke prices in the Chinese domestic market have mostly softened, though some prices have moved sideways, while transaction activity in the overall market has been at low-to-medium levels. As of January 4, coke futures contract (1905) offers at Dalian Commodity Exchange closed at RMB 1,941/mt ($283/mt), up $6/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have increased due to a slackening of environmental protection requirements, resulting in increased coke supply to the market. Meanwhile, coke inventories have risen amid the bearish sentiment prevailing among traders in the coke market. At the same time, coking coal prices have moved on a stable trend, providing some support for coke prices. It is expected that coke prices in the Chinese domestic market will likely edge down in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,950 |
284 |
0 |
|
Zibo, Shandong |
2,050 |
299 |
0 |
||
|
Pingdingshan, Henan |
2,180 |
318 |
↓ 100 |
||
|
Tangshan |
2,065 |
301 |
↓ 50 |
||
|
Huaibei, Anhui |
2,270 |
331 |
↓ 100 |
||
|
Average |
2,103 |
307 |
↓ 50 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.86