Coke futures mark best week

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    Chi nese coke futures rose for a sixth session, their longest rally in nine months, with the benchmark contract marking its biggest weekly gain since December 2018 on tight domestic supply.

    The steelmaking material for January delivery closed at 2,417.50 yuan ($365.31) a ton on China’s Dalian Commodity Exchange, up 3.3 percent, and just below a contract high of 2,420 yuan.

    Dalian coke jumped 9.7 percent from last week, outpacing Dalian iron ore’s 0.4 percent weekly gain.

    “The current tight coke supply and demand situation has intensified,” analysts at Sinosteel Futures in Beijing wrote in a note.