During the week ending May 9, local coke prices in China have remained unchanged compared to April 25.
First-grade coke prices in Tangshan are at RMB 1,430/mt ($199/mt) ex-warehouse, remaining stable compared to April 25, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) | Weekly Change ($/mt) |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,390 | 192.8 | 0.0 | -0.1 |
| Zibo, Shandong | 1,580 | 219.1 | 0.0 | -0.1 | ||
| Pingdingshan, Henan | 1,430 | 198.3 | 0.0 | -0.1 | ||
| Tangshan | 1,430 | 198.3 | 0.0 | -0.1 | ||
| Huaibei, Anhui | 1,480 | 205.3 | 0.0 | -0.1 | ||
| Average | 1,462 | 202.8 | 0.0 | -0.1 |
All prices include 13 percent VAT.
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) | Weekly Change ($/mt) |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,290 | 178.9 | -20.0 | -2.8 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 942 | 130.7 | -83.0 | -11.6 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 964 | 133.7 | -74.0 | -10.3 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 960 | 133.1 | -70.0 | -9.8 | |
| Average | 1,039 | 144.1 | -61.8 | -8.6 |
All prices include 13 percent VAT.
During the given week, average coking coal prices in the Chinese domestic market have edged down amid the sufficient supply. Cautious sentiments prevailed among market players, exerting negative impact on coking coal prices. Downstream users concluded purchases for coking coal only for their needs, as transaction activities of finished steel have not been as good as expected.
Coke prices remained unchanged in the given period. The attempt to raise the coke prices for the second round failed, while the rumor in the market said steelmakers might cut their purchasing prices for coke since next week. The inventory level of coke decreased, bolstering its prices to a certain degree. Molten iron output will remain at relatively high level, which will exert a positive impact on the demand for coke. However, the bearish sentiments among market players might weaken the support to coke prices in the coming week.
On May 9, offer prices of coke CSR65 in the export market have been at $224/mt FOB, remaining stable compared to April 25.
As of May 9, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 877.5/mt ($121.9/mt), decreasing by RMB 78.5/mt ($11/mt) or 8.2 percent since April 25, while down 1.79 percent compared to the previous trading day, May 8. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,446.5/mt ($201/mt), decreasing by RMB 119.5/mt ($16.6/mt) or 7.6 percent since April 25, while down 2.1 percent compared to the previous trading day, May 8.
$1 = RMB 7.2095