During the week ending July 19, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, while transaction activity in the overall market has been at low-to-medium levels. As of July 19, coke futures contract (1909) offers at Dalian Commodity Exchange closed at RMB 2,187/mt ($318/mt), up $10/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, coking plants’ capacity utilization rate have indicated obvious declines due to production cuts implemented for environmental protection purposes. Inventory levels in the coke market have decreased, providing a certain degree of support for coke prices. Meanwhile, traders in the coke market have been showing willingness to conclude purchases. It is thought that coke prices in the Chinese domestic market will rise slightly in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,700 |
247 |
0 |
|
Zibo, Shandong |
1,900 |
276 |
↑100 |
||
|
Pingdingshan, Henan |
1,850 |
269 |
0 |
||
|
Tangshan |
1,850 |
269 |
0 |
||
|
Huaibei, Anhui |
2,030 |
295 |
0 |
||
|
Average |
1,866 |
271 |
↑20 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.88