During the week ending February 1, metallurgical coke prices in the Chinese domestic market have continued to move on a stable trend, while transaction activity in the overall market has been at low levels. As of February 1, coke futures contract (1905) offers at Dalian Commodity Exchange closed at RMB 2,113/mt ($314/mt), up $11/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, demand for coke in China has been slack as most market players have left for the Chinese New Year holiday (February 2-10). Meanwhile, coking coal prices have also moved on a stable trend, contributing to the stability of coke prices. It is expected that coke prices in the Chinese domestic market will move sideways in the coming week, but will likely edge upwards after the long holiday.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,850 |
274 |
0 |
|
Zibo, Shandong |
1,950 |
289 |
0 |
||
|
Pingdingshan, Henan |
2,180 |
323 |
0 |
||
|
Tangshan |
1,965 |
292 |
0 |
||
|
Huaibei, Anhui |
2,220 |
329 |
0 |
||
|
Average |
2,033 |
302 |
0 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.74