During the week ending January 11, metallurgical coke prices in the Chinese domestic market have mostly moved down, while transaction activity in the overall market has been at low-to-medium levels. As of January 11, coke futures contract (1905) offers at Dalian Commodity Exchange closed at RMB 1,982/mt ($294/mt), up $11/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have continued to rise as production restriction measures have been lifted in some regions of the country, resulting in increased inventories of coke. Meanwhile, coking coal prices have moved on a soft trend, exerting a negative impact on coke prices in the spot market. As the Chinese New Year holiday (February 2-10) is approaching, demand for coke will remain at low levels. It is thought that coke prices in the Chinese domestic market will likely edge down slightly in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,850 |
274 |
↓ 100 |
|
Zibo, Shandong |
1,950 |
289 |
↓ 100 |
||
|
Pingdingshan, Henan |
2,180 |
323 |
0 |
||
|
Tangshan |
1,965 |
291 |
↓ 100 |
||
|
Huaibei, Anhui |
2,220 |
329 |
↓ 50 |
||
|
Average |
2,033 |
301 |
↓ 70 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.75