The Chinese domestic metallurgical coke market has remained stable in general in the past week. The sluggish domestic steel market and the increase in the supply of coke are both expected to continue to affect the trend in the domestic coke market in the coming period.
Product name |
Specification |
Place of origin |
Average price（RMB/mt） |
Weekly change (RMB/mt) |
Average price ($/mt) |
Weekly change ($/mt) |
Coke |
2nd grade |
Shanxi |
1,880 |
- |
286 |
- |
Shanghai |
2,150 |
- |
327 |
- |
During the past week, mainstream quotations of second grade metallurgical coke from large scale producers in Shanxi Province have been at RMB 1,850-1,900/mt ($281-289/mt), while quotations for first grade metallurgical coke in the province are standing at RMB 1,950-2,000/mt ($296-304/mt), unchanged week on week. Meanwhile, the purchase prices of Hebei Province-based mills are at RMB 1,950-2,000/mt ($296-304/mt) for second grade metallurgical coke, unchanged week on week. The mainstream prices in the eastern China coke market are at RMB 2,150-2,200/mt ($327-334/mt), also unchanged week on week, while prices in northeastern China are at RMB 2,000/mt ($304/mt), unchanged week on week. In addition, the mainstream prices of coking coal in the overall domestic market are at RMB 1,550-1,650/mt ($236-250/mt), unchanged week on week.
In the past week, the Chinese coke market has remained stable in general. Recently, most domestic offers of various steel products have regressed to the pre-holiday price levels, thereby exerting a negative impact on China's coke market. In addition, most coking enterprises have raised their outputs and the resulting oversupply in the domestic coke market has prevented coke prices from continuing their previous upward movement. On the other hand, domestic coking coal prices have continued to move up, increasing the production costs of domestic coking enterprises. Meanwhile, the capacity utilization rates of steel mills in Hebei Province have increased, thus increasing demand for coke, with the result that steel mills in the province have raised their purchase prices of coke, despite the stability registered in the overall domestic coke market in China.
Looking at the current situation, the domestic coke market may continue to follow an overall stable trend in the coming period.