During the week ending August 7, metallurgical coke prices in the Chinese domestic market have continued their stable trend, while transaction activity in the overall market has been lower than in the previous week, though remaining at decent levels. As of August 7, coke futures contract (1509) offers at Dalian Commodity Exchange closed at RMB 822/mt ($133/mt), indicating a slight rise week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, although steelmakers have been seeking lower coke prices, both coke producers and traders have insisted on keeping their coke prices stable. In order to lower their purchase costs, steelmakers have slightly reduce their coke purchases. At the same time, prices of finished steel and iron ore have edged up, making it harder for steelmakers to seek lower coke prices. Meanwhile, the slight downtrend seen in coking coal prices has been exerting some negative pressure on coke prices. It is thought that coke prices in the Chinese domestic market will likely indicate a slight downtrend in the coming week.
Product name | Spec. | Place of origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
Coke | 2nd grade | Hancheng,Shaanxi | 680 | 110 | 0 |
Zibo ,Shandong | 800 | 129 | 0 | ||
Pingdingshan,Henan | 800 | 129 | 0 | ||
Tangshan | 820 | 132 | 0 | ||
Huaibei,Anhui | 860 | 138 | 0 | ||
Average | 792 | 128 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21