During the week ending November 21, local coke prices in China have remained stable compared to November 14, while local coal prices have moved down, following losses in futures and poor demand.
First-grade coke prices in Tangshan are at RMB 1,820/mt ($257/mt) ex-warehouse, moving sideways compared to November 14, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1720 | 242.7 | 0.0 | -0.2 |
| Zibo, Shandong | 1855 | 261.7 | 0.0 | -0.2 | ||
| Pingdingshan, Henan | 1705 | 240.5 | 0.0 | -0.2 | ||
| Tangshan | 1820 | 256.8 | 0.0 | -0.2 | ||
| Huaibei, Anhui | 1755 | 247.6 | 0.0 | -0.2 | ||
| Average | 1771 | 249.9 | 0.0 | -0.2 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1670 | 235.6 | -40.0 | -5.8 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 1284 | 181.2 | -98.0 | -14.0 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 1390 | 196.1 | 0.0 | -0.1 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 1230 | 173.5 | 0.0 | -0.1 | |
| Average | 1393.5 | 196.6 | -34.5 | -5.0 |
including 13 percent VAT
Coke prices in the Chinese domestic market have remained stable following the price hike over the past week. Coking plants’ inventories have been at relatively low levels, bolstering the coke prices to a certain degree. Molten iron output decreased slightly in the past week, weakening the demand for coke. At the same time, coking coal prices started to move down, which will exert a negative impact on coke prices. It is expected that coke prices in the Chinese domestic market may edge down slightly in the coming week.
During the given week, average coking coal prices in the Chinese domestic market have edged down amid the prevailing cautious sentiments. However, the tight supply of coking coal might provide certain support to its prices in the coming weeks. It is thought that coking coal prices in the Chinese domestic market will move sideways in the coming week.
On November 21, offer prices of coke CSR65 in the export market have been at $245-248/mt FOB, increasing from $235-240/mt FOB on November 14.
As of November 21, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,103/mt ($155/mt), decreasing by RMB 89/mt ($12.5/mt) or 7.5 percent since November 14, while down 1.82 percent compared to the previous trading day, November 20. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,614.5/mt ($227/mt), decreasing by RMB 55/mt ($7.7/mt) or 3.3 percent since November 14, while down 1.31 percent compared to the previous trading day, November 20.
$1 = RMB 7.0875