During the week ending August 1, local coke prices in China have moved up further compared to July 25 and in a fast pace, following further rises in local coking coal prices and firm demand.
First-grade coke prices in Tangshan are at RMB 1,485/mt ($208/mt) ex-warehouse, moving up by RMB 110/mt ($15.4/mt) compared to July 25, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,445 | 202.1 | 110.0 | 15.2 |
| Zibo, Shandong | 1,580 | 221.0 | 110.0 | 15.2 | ||
| Pingdingshan, Henan | 1,430 | 200.0 | 110.0 | 15.2 | ||
| Tangshan | 1,485 | 207.7 | 110.0 | 15.2 | ||
| Huaibei, Anhui | 1,480 | 207.0 | 110.0 | 15.2 | ||
| Average | 1,484 | 207.6 | 110.0 | 15.2 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,500 | 209.8 | 100.0 | 13.8 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 1,054 | 147.4 | 10.0 | 1.2 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 1,058 | 148.0 | -5.0 | -0.9 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 1,150 | 160.8 | 210.0 | 29.2 | |
| Average | 1,190.5 | 166.5 | 78.8 | 10.8 |
Coke prices in the Chinese domestic market have seen another two rounds of hike amid the increasing coking coal prices and bullish sentiments among market players. The supply of coke has indicated slight rises due to the improved profitability. It is thought that coke prices in the Chinese domestic market will edge up further, while with slower growth in the coming week.
During the given week, average coking coal prices in the Chinese domestic market have moved up as most coal mines have already received pre-sale orders to August. The continuous tight supply of coking coal has also exerted a positive impact on its prices. However, following the increases in coking coal prices, market players started to be cautious in concluding purchases. It is thought that coking coal prices may move sideways in August.
On August 1, offer prices of coke CSR65 in the export market have been at $210/mt FOB, moving up by $8/mt compared to July 25.
As of August 1, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,092.5/mt ($153/mt), decreasing by RMB 166.5/mt ($23/mt) or 13.2 percent since July 25, while down 7.34 percent compared to the previous trading day, July 31. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,585/mt ($222/mt), declining by RMB 178/mt ($25/mt) or 10.1 percent since July 25, while down 3.0 percent compared to the previous trading day, July 31.
$1 = RMB 7.1496
