During the week ending August 4, metallurgical coke prices in the Chinese domestic market have mostly indicated upward movement, though moving on a stable trend in Pingdingshan, Henan Province, while transaction activity in the overall market has been at decent levels. As of August 4, coke futures contract (1801) offers at Dalian Commodity Exchange closed at RMB 2,013/mt ($300/mt), up $18/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, the capacity utilization rates of coking plants in China have increased slightly amid their increased profitability and sales. Meanwhile, coke futures prices and coking coal prices have moved up in the given week, providing support for coke prices in the spot market. At the same time, finished steel prices have also increased and steelmakers’ capacity utilization rates are at high levels, resulting in good demand for coke. It is thought that coke prices in the Chinese domestic market will likely move up further in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,700 |
253 |
↑50 |
|
Zibo, Shandong |
1,800 |
268 |
↑50 |
||
|
Pingdingshan, Henan |
1,830 |
272 |
0 |
||
|
Tangshan |
1,780 |
265 |
↑50 |
||
|
Huaibei, Anhui |
1,850 |
275 |
0 |
||
|
Average |
1,792 |
267 |
↑36 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.72