During the week ending January 30, local coke prices in China have fluctuated within a limited range compared to January 23.
First-grade coke prices in Tangshan are at RMB 1,600/mt ($230/mt) ex-warehouse, moving sideways compared to January 23, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,500 | 215.3 | 0.0 | 0.8 |
| Zibo, Shandong | 1,635 | 234.6 | 0.0 | 0.8 | ||
| Pingdingshan, Henan | 1,485 | 213.1 | 0.0 | 0.8 | ||
| Tangshan | 1,600 | 229.6 | 0.0 | 0.8 | ||
| Huaibei, Anhui | 1,535 | 220.3 | 0.0 | 0.8 | ||
| Average | 1,551 | 222.6 | 0.0 | 0.8 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,650 | 236.8 | 0.0 | 0.8 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 1,172 | 168.2 | 14.0 | 2.6 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 1,186 | 170.2 | 0.0 | 0.6 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 1,190 | 170.8 | 0.0 | 0.6 | |
| Average | 1,299.5 | 186.5 | 3.5 | 1.2 |
Coke prices in the Chinese domestic market have been stable amid relatively low inventories. Some coking plants have been unwilling to sell at lower prices, bolstering coke prices to a certain degree. Some steelmakers have built up coke stocks since the Chinese New Year holiday (February 14-23) is approaching, which will provide support for prices. It is thought that coke prices in the Chinese domestic market may move sideways in the coming week.
The production of coking coal has declined slightly in China, exerting a positive impact on prices. More coal miners may halt production for the long holiday, which will reduce coking coal output further and will bolster its price, but purchasing activities for coking coal may shrink in the near future, so no major increases are expected soon.
On January 30, prices of CSR65 coke in the export market stands at $235/mt FOB, moving up by $2-5/mt compared to January 23. But the level is mainly indicative as there is a lack of offers for the export market at the moment.
As of January 30, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,155.5/mt ($165/mt), decreasing by RMB 1.5/mt ($0.2/mt) since January 23, while increasing by 1.32 percent compared to the previous trading day, January 29. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,721.5/mt ($247/mt), rising by RMB 0.5/mt ($0.07/mt) since January 23, while rising by 1.29 percent compared to the previous trading day, January 29.
$1 = RMB 6.9678
