First-grade coke prices in Tangshan are at RMB 1,655/mt ($239.1/mt) ex-warehouse, remaining unchanged compared to February 13, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,555 | 224.6 | 0.0 | 0.7 |
| Zibo, Shandong | 1,690 | 244.1 | 0.0 | 0.8 | ||
| Pingdingshan, Henan | 1,540 | 222.4 | 0.0 | 0.7 | ||
| Tangshan | 1,655 | 239.1 | 0.0 | 0.8 | ||
| Huaibei, Anhui | 1,590 | 229.7 | 0.0 | 0.8 | ||
| Average | 1,606 | 232.0 | 0.0 | 0.8 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,570 | 226.8 | 0.0 | 1.2 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 1,165 | 168.3 | 37.0 | 6.2 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 1,201 | 173.5 | 0.0 | 0.9 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 1,190 | 171.9 | 0.0 | 0.9 | |
| Average | 1,281.5 | 185.1 | 9.3 | 2.3 |
Coke prices in the Chinese domestic market have moved sideways over the past two weeks due to the long Chinese New Year holiday. Downstream users’ inventories of coke have been sufficient, negatively affecting the demand for coke. Since transportation has gradually resumed after the holiday, the pressure from inventory may be eased in the near future. However, steelmakers’ resumption of production has been slower than expectations, which may weaken the support for coke prices. It is thought that coke prices in the Chinese domestic market will likely fluctuate within a limited range in the coming week.
Coking coal miners have resumed production quickly after the long holiday. However, steelmakers in northern China have been required to halt production for the Two Sessions meetings in Beijing, which will reduce molten iron output and exert a negative impact on the demand for coking coal.
On February 27, offer prices of CSR65 coke in the export market have been at $235-238/mt FOB, remaining stable compared to February 13.
As of February 27, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,093.5/mt ($158/mt), decreasing by RMB 27.5/mt ($4/mt) or 2.5 percent since February 13, while decreasing by 0.73 percent compared to the previous trading day, February 26. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,635.5/mt ($236/mt), declining by RMB 46.5/mt ($6.7/mt) or 2.8 percent since February 13, while decreasing by 1.03 percent compared to the previous trading day.
$1 = RMB 6.9228
