During the week ending July 3, metallurgical coke prices in the Chinese domestic market have followed a stable trend, while transaction activity in the overall market has remained at decent levels. As of July 3, coke futures contract (1509) offers at Dalian Commodity Exchange closed at RMB 882/mt ($142/mt), up $1/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, supply and demand of coke have been in equilibrium in the domestic market, resulting in the stable trend of coke prices. Meanwhile, coking plants have been controlling their production, exerting a positive impact on coke prices. It is expected that coke prices in the Chinese domestic market will continue to follow a stable trend in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 700 | 113 | 0 |
Zibo ,Shandong | 830 | 134 | 0 | ||
Pingdingshan,Henan | 820 | 132 | 0 | ||
Tangshan | 850 | 137 | 0 | ||
Huaibei,Anhui | 860 | 138 | 0 | ||
Average | 812 | 131 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21