During the week ending July 18, local coke prices in China have moved up compared to July 11, which signals that the first round of price increase has been finalized and further rises are not excluded in the coming weeks.
First-grade coke prices in Tangshan are at RMB 1,265/mt ($176.9/mt) ex-warehouse, moving up by RMB 55/mt ($7.6/mt) compared to July 11, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,225 | 171.3 | 55.0 | 7.6 |
| Zibo, Shandong | 1,415 | 197.9 | 55.0 | 7.6 | ||
| Pingdingshan, Henan | 1,265 | 176.9 | 55.0 | 7.6 | ||
| Tangshan | 1,265 | 176.9 | 55.0 | 7.6 | ||
| Huaibei, Anhui | 1,315 | 183.9 | 55.0 | 7.6 | ||
| Average | 1,297 | 181.4 | 55.0 | 7.6 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,320 | 184.6 | 110.0 | 15.3 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 913 | 127.7 | 46.0 | 6.4 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 861 | 120.4 | 0.0 | 0.0 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 850 | 118.9 | 0.0 | 0.0 | |
| Average | 986 | 137.9 | 39.0 | 5.4 |
Coke prices in the Chinese domestic market have seen increases following four rounds of declines. Inventory of coke has been at relatively low level, providing certain support to its prices. Recently, cautious sentiments started to prevail among market sentiments in the finished steel market, while steelmakers’ profitability has been at decent level, resulting in the increasing molten iron outputs by the end of this week. It is thought that coke prices in the Chinese domestic market will edge up further in the coming week.
During the given week, average coking coal prices in the Chinese domestic market have moved up amid also decreasing inventory levels as there were some production inspections. It is expected that coking coal prices will likely edge up further in the coming week.
On July 18, offer prices of coke CSR65 in the export market have been at $195-200/mt FOB, versus $192/mt FOB on July 11.
As of July 18, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 926/mt ($129.5/mt), increasing by RMB 13/mt ($1.8/mt) or 1.4 percent since July 11, while up 2.55 percent compared to the previous trading day, July 17.
Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,518/mt ($212.5/mt), decreasing by RMB 1.5/mt ($0.2/mt) or 0.1 percent since July 11, while up 1.23 percent compared to the previous trading day, July 17.
$1 = RMB 7.1498
