During the week ending November 7, local coke prices in China have moved up compared to October 31, and further rise is possible amid limited supply.
First-grade coke prices in Tangshan are at RMB 1,716/mt ($242/mt) ex-warehouse, moving up by RMB 59/mt ($8.5/mt) compared to October 31, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng,Shaanxi | 1,665 | 235.0 | 55.0 | 7.9 |
| Zibo, Shandong | 1,800 | 254.1 | 55.0 | 7.9 | ||
| Pingdingshan,Henan | 1,650 | 232.9 | 55.0 | 7.9 | ||
| Tangshan | 1,765 | 249.2 | 75.0 | 10.7 | ||
| Huaibei, Anhui | 1,700 | 240.0 | 55.0 | 7.9 | ||
| Average | 1,716 | 242.2 | 59.0 | 8.5 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,670 | 235.7 | 60.0 | 8.6 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 1,366 | 192.8 | 87.0 | 12.4 | |
| A10,S1.8,V21,G90 | Jinzhongmedium-sulfur primary coal | 1,361 | 192.1 | 135.0 | 19.2 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 1,230 | 173.6 | 40.0 | 5.7 | |
| Average | 1,406.75 | 198.6 | 80.5 | 11.5 |
Coke prices in the Chinese domestic market have seen a third round of price hikes as some coking plants have continued their production halts. The shrinking supply has bolstered coke prices. Steelmakers’ molten iron outputs have edged down amid decreasing profitability, which may cause them to carry out maintenance works, which will weaken the demand for coke. However, coking coal prices will provide support for coke prices. Coking plants have started to propose a fourth round of price increases, which may be implemented as of November 10, while steelmakers have not responded yet.
During the given week, average coking coal prices in the Chinese domestic market have risen amid the decreasing supply. Supply of coking coal may remain tight in the near future, which will exert a positive impact on prices in the near future.
On November 7, offer prices of coke CSR65 in the export market are at $235/mt FOB, increasing by $2/mt on average compared to October 31.
As of November 7, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,270/mt ($179/mt), decreasing by RMB 16/mt ($2.3/mt) or 1.2 percent since October 31, while down 0.97 percent compared to the previous trading day, November 6. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,756.5/mt ($247/mt), decreasing by RMB 20.5/mt ($2.9/mt) or 1.2 percent since October 31, while down 0.62 percent compared to the previous trading day.
$1 = RMB 7.0836
