During the week ending May 17, metallurgical coke prices in the Chinese domestic market have moved on an upward trend in Hancheng and Tangshan, though remaining stable in other regions, while transaction activity in the overall market has been at medium levels. As of May 17, coke futures contract (1909) offers at Dalian Commodity Exchange closed at RMB 2,163/mt ($313/mt), down $6/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, domestic coking plants’ capacity utilization rates have been at relatively high levels as environmental protection inspections have been relaxed to more normal levels. Coke inventories held by steelmakers are currently sufficient. Coke producers are still optimistic on the prospects for the future trend of the market. It is expected that coke prices in the Chinese domestic market will move sideways in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,900 |
275 |
↑100 |
|
Zibo, Shandong |
2,000 |
289 |
0 |
||
|
Pingdingshan, Henan |
1,950 |
282 |
0 |
||
|
Tangshan |
2,050 |
297 |
↑100 |
||
|
Huaibei, Anhui |
2,030 |
294 |
0 |
||
|
Average |
1,986 |
287 |
↑40 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.91