During the week ending December 18, metallurgical coke prices in the Chinese domestic market have indicated diverse trends, with coke prices in the provinces of Shandong and Henan declining, while in other regions prices have remained stable. Transaction activity in the overall market has been at decent levels. As of December 18, coke futures contract (1605) offers at Dalian Commodity Exchange closed at RMB 630/mt ($97/mt), up $2/mt week on week. Average coke prices in the local Chinese market are presented in the table below.
During the given week, since supply of low grade coke has decreased, supply and demand in the overall coke market are characterized by greater equilibrium. Coke prices in most regions have remained stable, though indicating declining trends in Shandong and Henan. As the end of the year is approaching, negotiations for New Year prices are in progress, with some coke producers expected to decrease their sales prices in order to attract more orders. Meanwhile, no significant improvements have been seen in the finished steel market, and this has exerted a negative impact on coke prices. It is thought that coke prices in the Chinese domestic market will likely move sideways or indicate a slight downtrend in the coming week.
Product name |
Spec. |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Coke |
2nd grade |
Hancheng,Shaanxi |
580 |
90 |
0 |
Zibo ,Shandong |
690 |
106 |
↓10 |
||
Pingdingshan,Henan |
680 |
105 |
↓20 |
||
Tangshan |
700 |
108 |
0 |
||
Huaibei,Anhui |
750 |
116 |
0 |
||
Average |
680 |
105 |
↓6 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.48