During the week ending May 31, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, though seeing rises Hancheng and Pingdingshan, while transaction activity in the overall market has been at medium levels. As of May 31, coke futures contract (1909) offers at Dalian Commodity Exchange closed at RMB 2,141/mt ($310/mt), down $26/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants’ capacity utilization rate has not seen big changes, while the inventory levels have decreased, indicating demand for coke from downstream users has been good. Meanwhile, coking coal prices have moved at comparatively high levels, bolstering coke prices from cost side. It is expected that coke prices in the Chinese domestic market will edge up slightly in the coming week as steelmakers’ capacity utilization rate has still been at high levels.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
2,000 |
289 |
↑100 |
|
Zibo, Shandong |
2,100 |
304 |
0 |
||
|
Pingdingshan, Henan |
2,150 |
311 |
↑200 |
||
|
Tangshan |
2,150 |
311 |
0 |
||
|
Huaibei, Anhui |
2,030 |
294 |
0 |
||
|
Average |
2,086 |
302 |
↑60 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.91