During the week ending March 20, local coke prices in China have moved sideways compared to March 13.
First-grade coke prices in Tangshan are at RMB 1,600/mt ($232.2/mt) ex-warehouse, remaining stable compared to March 13, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,500 | 217.7 | 0.0 | 0.2 |
| Zibo, Shandong | 1,635 | 237.3 | 0.0 | 0.2 | ||
| Pingdingshan, Henan | 1,485 | 215.5 | 0.0 | 0.2 | ||
| Tangshan | 1,600 | 232.2 | 0.0 | 0.2 | ||
| Huaibei, Anhui | 1,535 | 222.8 | 0.0 | 0.2 | ||
| Average | 1,551 | 225.1 | 0.0 | 0.2 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,460 | 211.9 | 10.0 | 1.6 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 1,321 | 191.7 | 93.0 | 13.7 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 1,185 | 172.0 | 0.0 | 0.1 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 1,100 | 159.7 | 30.0 | 4.5 | |
| Average | 1,266.5 | 183.8 | 33.3 | 5.0 |
During the given week, coke prices in the Chinese domestic market have remained stable amid the steady supply to the market. Steelmakers have been unwilling to conclude purchases for coke as some of them implemented maintenances. However, the rising coal prices may bolster coke prices to a certain degree. It is thought that coke prices in the Chinese domestic market will move sideways in the coming week.
Coking coal supply has been sufficient in the given week amid the normal operations on miners’ side. Inventory consumption ran smoothly, pushing up its prices. Molten iron outputs are expected to increase, which will exert a positive impact on the demand for raw materials. It is expected that coking coal prices in the Chinese domestic market may edge up in the coming week.
On March 20, offer prices of coke CSR65 in the export market have been at $235/mt FOB, remaining unchanged compared to March 13.
As of March 20, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,171/mt ($170/mt), decreasing by RMB 7/mt ($1/mt) or 0.6 percent since March 13, while increasing by 0.34 percent compared to the previous trading day, March 19. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,740.5/mt ($252/mt), rising by RMB 3/mt ($0.4/mt) or 0.2 percent since March 13, while increasing by 0.55 percent compared to the previous trading day, March 19.
$1 = RMB 6.8898