During the week ending August 18, metallurgical coke prices in the Chinese domestic market have mostly increased, while transaction activity in the overall market has been at decent levels. As of August 18, coke futures contract (1801) offers at Dalian Commodity Exchange closed at RMB 2,268/mt ($340/mt), up $18/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During th given week, domestic coking plants’ capacity utilization rates have continued to increase due to their good profit margins at the present time, while their inventories have decreased further, providing support for prices in the coke market. Meanwhile, coke futures prices in China have increased, also positively influencing the price trend in the spot market. It is thought that coke prices in China will move up further in the coming week as steelmakers will buy more coke against the backdrop of good profitability in the steel sector.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
1,860 |
279 |
↑80 |
|
Zibo, Shandong |
1,960 |
294 |
↑80 |
||
|
Pingdingshan, Henan |
1,880 |
282 |
↑80 |
||
|
Tangshan |
1,990 |
298 |
↑80 |
||
|
Huaibei, Anhui |
2,000 |
300 |
0 |
||
|
Average |
1,938 |
291 |
↑64 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.67