Offer and transaction prices of coke in China have mostly been stable over the past week after the previous price reductions made by coking enterprises. Although domestic steelmakers have not stepped up their coke purchases, they now consider that coke prices are at more reasonable levels than before and have stopped exerting pressure on their suppliers. Meanwhile, coking enterprises have started to lower their coke outputs in order to reduce their stocks. It is thought that domestic coke prices in China will just indicate slight fluctuations in the coming week.
Local Chinese coke prices stabilize after previous declines
During the week ending April 19, metallurgical coke prices in China have mostly indicated a stable trend though with decreases seen in some areas, following the significant declines witnessed in the market in the previous week. The average price of second-grade coke in China now stands at $219.6/mt, down $1.6/mt week on week. As of April 19, the coke futures contract (1309) offers at Dalian Commodity Exchange closed at RMB 1,548/mt ($249/mt), decreasing by RMB 8/mt ($8/mt) week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
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