According to the data released by The Ministry of Commerce of the People's Republic of China recently, China's domestic coke price declined by 0.1% last week (ended on November 20) compared to prior week and by 2.9% vs middle October. Meanwhile, the prices in Yuncheng and Xingtai were also down by 4.8% and 1% week over week, representing Chinese coke price has decreased for fifth straight weeks.
Generally speaking, impacted by the inactive procurement activities from steelmakers, the oversupplied situation for Chinese coke market is basically unchanged from previous time. Thereby, there's just little chance for the market to emerge a quick price rebound in the short run.