Since steelmakers' coke inventories have been at low levels, they have needed to purchase coke to maintain their daily production, and so sentiment in the coke market has improved. In addition, the weather in China is no longer as hot as it was and some steelmakers have accelerated their coke purchasing activity in order to prepare for production in the autumn. Meanwhile, local governments are focusing on environmental protection issues, with coking plants' production levels thereby being limited. It is thought that coke prices in the Chinese domestic market may see slight rises due to possible supply shortages in the coming period.
Positive signs in local Chinese coke market
During the week ending August 15, metallurgical coke prices in the Chinese domestic market have remained on a stable trend, while transaction activity has continued to be at decent levels. As of August 15, coke futures contract (1501) offers at Dalian Commodity Exchange closed at RMB 1,105/mt ($180/mt), down $4/mt week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
Similar articles
Chinese coking plants struggle to raise local coke prices, coking coal prices down slightly
10 Apr | Scrap & Raw Materials
Second round of local coke price cuts implemented in China, more cuts awaited
30 May | Scrap & Raw Materials
Local coke in China remain stable, hopes for increase replaced by negative expectations
09 May | Scrap & Raw Materials