During the week ending June 27, metallurgical coke prices in the Chinese domestic market have remained on a stable trend, while transaction activity has been at good levels. As of June 27, coke futures contract (1409) offers at Dalian Commodity Exchange closed at RMB 1,140/mt ($186.5/mt), down $1/mt week on week. Local coke prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
During the given week, steelmakers and coking enterprises in China have been satisfied with current coke price levels and so prices have remained stable. Meanwhile, in the week in question, steel futures prices in China have indicated a slight recovery and domestic coke futures prices have moved sideways, generally reflecting the gradual fading of bearish sentiment in the domestic finished steel and coke markets. However, no positive developments have been heard which would provide support for increases in coke and finished steel prices. It is expected that coke prices in the Chinese domestic market will continue their stable trend in the coming week.