During the week ending July 4, local coke prices in China have moved sideways compared to June 27, thought talk about an increase next week has emerged amid a rebound seen in coking coal.
First-grade coke prices in Tangshan are at RMB 1,210/mt ($169/mt) ex-warehouse, remaining stable compared to June 27, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,170 | 163.5 | 0.0 | 0.2 |
| Zibo, Shandong | 1,360 | 190.1 | 0.0 | 0.2 | ||
| Pingdingshan, Henan | 1,210 | 169.1 | 0.0 | 0.2 | ||
| Tangshan | 1,210 | 169.1 | 0.0 | 0.2 | ||
| Huaibei, Anhui | 1,260 | 176.1 | 0.0 | 0.2 | ||
| Average | 1,242 | 173.6 | 0.0 | 0.2 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,180 | 164.9 | 0.0 | 0.2 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 843 | 117.8 | 15.0 | 2.2 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 861 | 120.4 | 28.0 | 4.1 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 850 | 118.8 | 0.0 | 0.1 | |
| Average | 933.5 | 130.5 | 10.8 | 1.7 |
During the given week, average coking coal prices in the Chinese domestic market have rebounded as coking plants and steelmakers replenished stocks for their production activities. Coking coal producers’ capacity utilization rates have been at relatively low levels, easing the pressure on the supply side, bolstering prices to a certain degree.
Coke prices in the Chinese domestic market have moved sideways. Molten iron output has decreased for several weeks, reducing the demand for coke and weakening the support for prices. Following previous declines in coke prices, there has been some support at bottom levels. It is thought that coke prices in the Chinese domestic market may edge up in the coming period, though the relatively high inventories may negatively affect the upward movement.
On July 4, offer prices of coke CSR65 in the export market are at $195/mt FOB, remaining stable compared to June 27.
As of July 4, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 839.5/mt ($117.4/mt), decreasing by RMB 8/mt ($1.1/mt) or 0.9 percent since June 27, while down 1.06 percent compared to the previous trading day, July 3. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,433/mt ($200.4/mt), increasing by RMB 48.5/mt ($6.8/mt) or 3.5 percent since June 27, while down 0.42 percent compared to the previous trading day, July 3.
$1 = RMB 7.1535