During the week ending February 7, local coke prices in China have moved sideways, but higher inventories and the lack of a promising outlook will put pressure on prices next week.
First-grade coke prices in Tangshan are at RMB 1,595/mt ($222.5/mt) ex-warehouse, remaining stable compared to January 24, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,555 | 216.9 | 0.0 | 0.0 |
| Zibo, Shandong | 1,745 | 243.4 | 0.0 | 0.0 | ||
| Pingdingshan, Henan | 1,595 | 222.5 | 0.0 | 0.0 | ||
| Tangshan | 1,595 | 222.5 | 0.0 | 0.0 | ||
| Huaibei, Anhui | 1,645 | 229.4 | 0.0 | 0.0 | ||
| Average | 1,627 | 226.9 | 0.0 | 0.0 |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have remained unchanged as most market players have not yet returned to the market, though some mainstream steelmakers have planned to reduce purchase prices for dry quenching coke by RMB 55/mt ($7.7/mt), effective as of February 10. Inventory of coke has risen, while inventory of coking coal has decreased slightly, though the supply of coke and coking coal has been fairly sufficient in the local market, which will likely weaken the support for prices. It is expected that coke prices in the Chinese domestic market will edge down in the coming week.
On February 7, offer prices of coke CSR65 in the export market have been stable at $245/mt FOB.
As of February 7, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,153.5/mt ($161/mt), decreasing by RMB 22.5/mt ($3.1/mt) or 2.0 percent since January 24, while up 2.76 percent compared to the previous trading day, February 6. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,786.5/mt ($246/mt), increasing by RMB 22/mt ($3/mt) or 1.25 percent since January 24, while up 2.97 percent compared to the previous trading day, February 6.
$1 = RMB 7.1699