During the week ending March 28, local coke prices in China have moved sideways compared to the previous week.
First-grade coke prices in Tangshan are at RMB 1,375/mt ($191.6/mt) ex-warehouse, remaining stable compared to March 21, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,335 | 186.1 | 0.0 | 0.0 |
| Zibo, Shandong | 1,525 | 212.5 | 0.0 | 0.0 | ||
| Pingdingshan, Henan | 1,375 | 191.6 | 0.0 | 0.0 | ||
| Tangshan | 1,375 | 191.6 | 0.0 | 0.0 | ||
| Huaibei, Anhui | 1,425 | 198.6 | 0.0 | 0.0 | ||
| Average | 1,407 | 196.1 | 0.0 | 0.0 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,280 | 178.4 | 0.0 | 0.0 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 923 | 128.6 | 14.0 | 2.0 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 1,030 | 143.6 | 49.0 | 6.8 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 980 | 136.6 | 0.0 | 0.0 | |
| Average | 1,053.25 | 146.8 | 15.8 | 2.2 |
During the given week, average coking coal prices in the Chinese domestic market have edged up amid the maintenances on part of miners. Market sentiments improved slightly, stimulating transaction activities in the coal market. The contradiction between supply and demand in the coking coal market has eased to a certain degree, while the continuous loose supply might exert a negative impact on the market. It is expected that there will be limited space for coking coal’s rebound in a short term.
Coke prices continued the stable trend in the given week. The sales of finished steel are not so good, while the rebar futures prices edged down late this week, resulting in the cautious sentiments prevailing among market players. Finished steel prices will unlikely move up significantly. The inventory of coke has been at relatively high levels, weakening the support to its prices. It is expected that coke prices in the Chinese domestic market will likely fluctuate within a limited range in the coming week.
On March 28, offer prices of coke CSR65 in the export market have been at $226/mt FOB, remaining unchanged compared to last week.
The import premium hard coking coal tradable price has remained at $170/mt CFR.
As of March 28, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,024/mt ($143/mt), increasing by RMB 14/mt ($2/mt) or 1.4 percent since March 21, while down 1.06 percent compared to the previous trading day, March 27. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,617.5/mt ($226/mt), increasing by RMB 81.5/mt ($11.4/mt) or 5.3 percent since March 21, while down 0.8 percent compared to the previous trading day, March 27.
$1 = RMB 7.1752