During the week ending November 28, local coke prices in China have moved sideways, but steelmakers in Hebei have started to ask for the first price decline after previous increases.
First-grade coke prices in Tangshan are at RMB 1,820/mt ($257.1/mt) ex-warehouse, remaining unchanged compared to November 21, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,720 | 243.0 | 0.0 | 0.3 |
| Zibo, Shandong | 1,855 | 262.0 | 0.0 | 0.3 | ||
| Pingdingshan, Henan | 1,705 | 240.9 | 0.0 | 0.3 | ||
| Tangshan | 1,820 | 257.1 | 0.0 | 0.3 | ||
| Huaibei, Anhui | 1,755 | 247.9 | 0.0 | 0.3 | ||
| Average | 1,771 | 250.2 | 0.0 | 0.3 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,580 | 223.2 | -90.0 | -12.4 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 1,234 | 174.3 | -50.0 | -6.8 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 1,390 | 196.4 | 0.0 | 0.2 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 1,230 | 173.8 | 0.0 | 0.2 | |
| Average | 1,358.5 | 191.9 | -35.0 | -4.7 |
Coke prices in the Chinese domestic market have moved sideways over the past week. On November 28, some steelmakers in Hebei Province sent requests for reductions in coke prices, though they have not received feedback yet. Inventories of coke have been at relatively low levels, bolstering prices to a certain degree. Coking coal prices have declined, while molten iron output has also decreased, weakening the support for coke prices. It is thought that coke prices in the Chinese domestic market may edge down in the coming week.
During the given week, average coking coal prices in the Chinese domestic market have moved down amid increasing inventories. Meanwhile, demand for coking coal has slackened, negatively affecting prices. Coking plants and steelmakers have been cautious in concluding purchases of coking coal, which will drag down prices in the near future.
On November 28, offer prices of coke CSR65 in the export market have been at $245-248/mt FOB, remaining stable compared to November 21.
As of November 28, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,067/mt ($150/mt), decreasing by RMB 36/mt ($5.1/mt) or 3.3 percent since November 21, while down 0.79 percent compared to the previous trading day, November 27. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,574.5/mt ($222/mt), decreasing by RMB 40/mt ($5.6/mt) or 2.5 percent since November 21, while down 1.99 percent compared to the previous trading day, November 27.
$1 = RMB 7.0789
