During the week ending June 21, metallurgical coke prices in the Chinese domestic market have mostly moved on a decreasing trend, though remaining stable in Huaibei, while transaction activity in the overall market has been at low-to-medium levels. As of June 21, coke futures contract (1909) offers at Dalian Commodity Exchange closed at RMB 2,090/mt ($304/mt), down $1/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, Chinese coking plants’ capacity utilization rates have decreased significantly and so their inventories are now at relatively low levels. However, steelmakers’ profitability has shrunk and thus they have been seeking lower purchase prices for coke against the backdrop of higher import iron ore prices. It is expected that coke prices in the Chinese domestic market will move down further in the coming week.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (RMB/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,900 |
276 |
↓100 |
Zibo, Shandong |
2,000 |
291 |
↓100 |
||
Pingdingshan, Henan |
2,050 |
298 |
↓100 |
||
Tangshan |
2,050 |
298 |
↓100 |
||
Huaibei, Anhui |
2,130 |
310 |
0 |
||
Average |
2,026 |
293 |
↓80 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.88
