During the week ending August 23, metallurgical coke prices in the Chinese domestic market have moved on a stable trend, as customers have been bidding at lower levels, but suppliers have been not ready to provide discounts just after the last round of price increases this month. Transaction activity in the overall market has been at low-to-medium levels. As of August 23, coke futures contract (2001) offers at Dalian Commodity Exchange closed at RMB 1,950.0/mt ($276/mt), down $5/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table.
|
Product name |
Specification |
Place of origin |
Price(RMB/mt) |
Price ($/mt) |
Weekly change(RMB/mt) |
Weekly change($/mt) |
|
Coke |
Second grade |
Hancheng,Shaanxi |
1,900 |
269.1 |
0 | 0 |
|
Zibo ,Shandong |
2,000 |
283.3 |
0 | 0 | ||
|
Pingdingshan,Henan |
2,050 |
290.4 |
0 | 0 | ||
|
Tangshan |
2,050 |
290.4 |
0 | 0 | ||
|
Huaibei,Anhui |
2,030 |
287.5 |
0 | 0 | ||
|
Average |
2,006 |
284.1 |
0 | 0 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
During the given week, domestic coking plants’ capacity utilization rates have increased, while they received sufficient orders. Steelmakers’ profit margins are tight and so they have been pushing for lower purchase prices for coke. However, coking plants have kept their prices stable. It is expected that coke prices the Chinese domestic market will move on a stable trend for the moment.
$1 = RMB 7.06