During the week ending September 16, metallurgical coke prices in the Chinese market continued their stable trend on the whole, though some large mills have raised their offers for high grade coke. At Dalian Commodity Exchange, coke futures contract prices have fluctuated at around RMB 2,230/mt ($349/mt), not indicating any significant change.
Coke prices in local Chinese markets
Product name |
Size |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Weekly change ($/mt) |
Coke |
Second grade |
Hancheng, Shaanxi |
1,800 |
280 |
0 |
0.0 |
Zibo, Shandong |
2,000 |
311 |
0 |
0.0 |
||
Pingdingshan, Henan |
2,000 |
311 |
0 |
0.0 |
||
Shanghai |
2,060 |
320 |
0 |
0.0 |
||
Huaibei, Anhui |
1,980 |
307 |
0 |
0.0 |
||
Average |
1,968 |
306 |
0 |
0.0 |
Average second grade metallurgical coke prices in the Chinese market have remained unchanged week on week, still standing at $306/mt.
At present, steel mills in the northwestern region of China have moderately increased their coke inventories, mills in the central and northern regions have not yet started to replenish their coke inventories, while the inventories of southern Chinese steel mills have slightly decreased. As market insiders state, inventory levels provide strong support for domestic coke prices. Meanwhile, the temporary halts in coke production in Shanxi Province have influenced the domestic coking coal market.