During the week ending January 23, local coke prices in China have remained stable compared to January 16.
First-grade coke prices in Tangshan are at RMB 1,600/mt ($228/mt) ex-warehouse, remaining stable compared to January 16, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,500 | 214.5 | 0.0 | +0.5 |
| Zibo, Shandong | 1,635 | 233.8 | 0.0 | +0.5 | ||
| Pingdingshan, Henan | 1,485 | 212.4 | 0.0 | +0.5 | ||
| Tangshan | 1,600 | 228.8 | 0.0 | +0.5 | ||
| Huaibei, Anhui | 1,535 | 219.5 | 0.0 | +0.5 | ||
| Average | 1,551 | 221.8 | 0.0 | +0.5 |
All prices include 13 percent VAT.
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,650 | 236.0 | +20.0 | +3.4 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 1,158 | 165.6 | -38.0 | -5.1 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 1,186 | 169.6 | 0.0 | +0.4 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 1,190 | 170.2 | +50.0 | +7.5 | |
| Average | 1,296 | 185.3 | +8.0 | +1.5 |
Coke prices in the Chinese domestic market have continued their stable trend. Steelmakers have refused to accept the hike in coke prices, resulting in no clear timeline being set for the implementation of coke price hikes, though voices calling for a first round of price increases continue to emerge. The snowy weather has negatively affected the transportation of coke, bolstering prices to a certain degree. It is thought that coke prices in the Chinese domestic market may move sideways in the coming week.
The production of coking coal has increased amid the strong early-stage order bookings. Some miners have filled their order books up to the Chinese New Year holiday, which will provide solid support for coking coal prices. However, steelmakers and coking plants have completed some stock replenishments, resulting in slight rises in their inventories, which may slacken the demand for coking coal. It is thought that coking coal prices in the Chinese domestic market will fluctuate within a limited range in the coming week.
On January 23, offer prices of coke CSR65 in the export market are at $230-233/mt FOB, moving up by $3-5/mt compared to January 16.
As of January 23, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,157/mt ($165/mt), decreasing by RMB 14/mt ($2/mt) or 1.2 percent since January 16, while increasing by 2.84 percent compared to the previous trading day, January 22. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,722/mt ($245/mt), rising by RMB 5/mt ($4.4/mt) or 0.3 percent since January 16, while rising by 2.59 percent compared to the previous trading day, January 22.
$1 = RMB 6.9929
