During the week ending September 12, local coke prices in China have moved down compared to September 5 after lasting increase. And the downtrend is likely to continue in September.
First-grade coke prices in Tangshan are at RMB 1,615/mt ($227.4/mt) ex-warehouse, decreasing by RMB 55/mt compared to September 5, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,555 | 219.0 | -55.0 | -7.6 |
| Zibo, Shandong | 1,690 | 238.0 | -55.0 | -7.6 | ||
| Pingdingshan, Henan | 1,540 | 216.8 | -55.0 | -7.6 | ||
| Tangshan | 1,615 | 227.4 | -55.0 | -7.6 | ||
| Huaibei, Anhui | 1,590 | 223.9 | -55.0 | -7.6 | ||
| Average | 1,598 | 225.0 | -55.0 | -7.6 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,420 | 199.9 | 0.0 | 0.1 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 1,061 | 149.4 | 11.0 | 1.6 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 1,081 | 152.2 | 29.0 | 4.2 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 1,120 | 157.7 | -30.0 | -4.1 | |
| Average | 1,420 | 199.9 | 0.0 | 0.1 |
Coke prices in the Chinese domestic market have moved down in the given week, while the second round of price decline is anticipated to be implemented in the near future. The resumption of coking plants weakened the support to coke prices. Meanwhile, the demand for coke slackened, negatively affecting its prices. Finished steel prices need more time to recover, also exerting a negative impact on the coke market. It is thought that coke prices in the Chinese domestic market will edge down further in the coming week.
During the given week, average coking coal prices in the Chinese domestic market have fluctuated within a limited range amid the production resumption of miners.
On September 12, offer prices of coke CSR65 in the export market have been at $225-230/mt FOB, moving down by $5/mt compared to September 5. But the tradable level is closer to $220/mt FOB and demand is weak and focused on Indonesian coke.
As of September 12, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,144.5/mt ($161/mt), decreasing by RMB 14/mt ($2/mt) or 1.2 percent since September 5, while up 0.88 percent compared to the previous trading day, September 11. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,625.5/mt ($229/mt), declining by RMB 21/mt ($3/mt) or 1.3 percent since September 5, while up 0.43 percent compared to the previous trading day, September 11.
$1 = RMB 7.1019
