During the week ending April 12, metallurgical coke prices in China have seen a significant drop. The average price of second-grade coke in China now stands at $221.2/mt, down $11.9/mt week on week. As of April 12, the coke futures contract (1309) offers at Dalian Commodity Exchange closed at RMB 1,599/mt ($257/mt), increasing by RMB 18/mt ($3/mt) week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
Coking coal prices in China have witnessed declines over the past week, dragging down coke prices due to reduced cost support. In addition, the rising coke stocks on the coke producers' side have also contributed to the weakening of domestic coke prices. It is thought that coke prices in China will continue their soft trend in the coming week, though the decrease margin may be smaller following the declines previously registered in the market.