During the week ending July 5, metallurgical coke prices in the Chinese domestic market have moved on a decreasing trend, while transaction activity in the overall market has been at low-to-medium levels. As of July 5, coke futures contract (1909) offers at Dalian Commodity Exchange closed at RMB 2,140/mt ($301/mt), up $10/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, capacity utilization rates of coking plants in China have decreased slightly due to environmental protection measures. However, their coke inventories have increased as downstream users’ demand has slackened amid production restrictions in Tangshan in Hebei Province. Meanwhile, the decreases seen in coking coal prices have exerted a negative impact on coke prices. It is expected that coke prices in the Chinese domestic market will move down further in the coming week as demand from steelmakers is unlikely to improve.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,700 |
247 |
↓100 |
|
Zibo, Shandong |
1,800 |
262 |
↓100 |
||
|
Pingdingshan, Henan |
1,950 |
283 |
↓100 |
||
|
Tangshan |
1,850 |
269 |
↓150 |
||
|
Huaibei, Anhui |
2,030 |
295 |
↓100 |
||
|
Average |
1,876 |
273 |
↓100 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.88