Local coke prices in China have moved up effective from October 1 and now are stable, with the outlook also stable for the near future.
First-grade coke prices in Tangshan are at RMB 1,635/mt ($230/mt) ex-warehouse, increasing by RMB 75/mt ($10.6/mt) compared to September 26, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,555 | 218.9 | 55.0 | 8.0 |
| Zibo, Shandong | 1,690 | 237.9 | 55.0 | 8.1 | ||
| Pingdingshan, Henan | 1,540 | 216.7 | 55.0 | 8.0 | ||
| Tangshan | 1,635 | 230.1 | 75.0 | 10.9 | ||
| Huaibei, Anhui | 1,590 | 223.8 | 55.0 | 8.0 | ||
| Average | 1,602 | 225.5 | 59.0 | 8.6 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,540 | 216.7 | -60.0 | -8.1 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 1,061 | 149.3 | 34.0 | 5.0 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 1,194 | 168.1 | 171.0 | 24.3 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 1,190 | 167.5 | 0.0 | 0.2 | |
| Average | 1,246.25 | 175.4 | 36.3 | 5.3 |
Coke prices in the Chinese domestic market moved up first, with the rise implemented on October 1, while moving sideways later, and major coking plants said they would not attempt to raise coke prices during the rest of this week. Coking plants’ capacity utilization rates increased following the long holiday, while the increasing inventories of finished steel may weaken the support for coke prices. It is expected that coke prices in the Chinese domestic market will move sideways in the coming week.
During the given week, average coking coal prices in the Chinese domestic market have edged up amid stable outputs. Inventories of coking coal are at relatively low levels, bolstering prices to a certain degree. It is expected that coking coal prices in the Chinese domestic market will edge up slightly in the coming week.
On October 10, offer prices of coke CSR65 in the export market are at $230-235/mt FOB, increasing by $5/mt compared to September 26.
As of October 10, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,161/mt ($163.5/mt), decreasing by RMB 35.5/mt ($5/mt) or 3.0 percent since September 26, while up 1.22 percent compared to the previous trading day, October 9. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,666.5/mt ($235/mt), declining by RMB 26/mt ($3.7/mt) or 1.5 percent since September 26, while up 1.86 percent compared to the previous trading day, October 9.
$1 = RMB 7.1048