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Chinese coke prices fall on supply outlook
The prices of Chinese coke futures continued to decline, influenced by increased supply following the resumption of production after a fatal mine accident in Shanxi Province and a rise in imports. The main Dalian contract fell by 1.39% to 1,275.5 yuan per ton. Additionally, about 63% of coal mines had resumed production as of June 17, and China's coke imports increased by 51% in May compared to the beginning of the year. In contrast, iron ore prices dropped to their lowest levels in over three months, with the July contract falling to $98.4 per ton, while steel futures in Shanghai showed mixed movements.
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