During the week ending July 25, local coke prices in China have continued to follow an uptrend, driven by a sharp rise in the coking coal segment owing to previous production reductions and news about further strict controls for miners to be implemented this year. Coking coal futures surged by 36 percent over the week in China, surpassing all other major raw materials and steel product futures.
First-grade coke prices in Tangshan are at RMB 1,375/mt ($192.5/mt) ex-warehouse, moving up by RMB 110/mt ($15.6/mt) compared to July 18, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,335 | 186.9 | 110.0 | 15.6 |
| Zibo, Shandong | 1,470 | 205.8 | 55.0 | 7.9 | ||
| Pingdingshan, Henan | 1,320 | 184.8 | 55.0 | 7.9 | ||
| Tangshan | 1,375 | 192.5 | 110.0 | 15.6 | ||
| Huaibei, Anhui | 1,370 | 191.8 | 55.0 | 7.9 | ||
| Average | 1,374 | 192.4 | 77.0 | 11.0 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,400 | 196.0 | 80.0 | 11.4 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 1,044 | 146.2 | 131.0 | 18.5 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 1,063 | 148.8 | 202.0 | 28.4 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 940 | 131.6 | 90.0 | 12.7 | |
| Average | 1,111.75 | 155.7 | 125.8 | 17.8 |
Coke prices in the Chinese domestic market have moved up, with some regions even seeing even a second round of price rises this week by Friday. Downstream users and traders have been active in purchasing activities. Coking coal prices have moved up sharply, firmly bolstering coke prices. It is expected that coke prices in the Chinese domestic market will continue the increasing trend in the coming week.
Average coking coal prices in the Chinese domestic market have seen stronger rises amid supply reductions and good demand from downstream users as steelmakers’ capacity utilization rates have seen certain rises due to rebounding finished steel prices. Steelmakers’ profitability improved, and so they have been willing to accept the price increases on the cost side. However, following the quick rises in coking coal prices, downstream users started to hesitate about concluding further purchases.
The General Office of the National Energy Administration issued a document early this week, requiring coal production inspections in eight key coal-producing provinces, including Shanxi. All coal mines, which exceeded monthly production by 10 percent In H1 2025, will be ordered to suspend production and rectify it.
On July 25, offer prices of coke CSR65 in the export market are at $202/mt FOB, versus $195-200/mt FOB two weeks ago.
As of July 25, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,259/mt ($176/mt), increasing by RMB 333/mt ($47/mt) or 36 percent since July 18, while up 7.98 percent compared to the previous trading day, July 24.
Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,763/mt ($247/mt), rising by RMB 245/mt ($34/mt) or 16.1 percent since July 18, while up 2.38 percent compared to the previous trading day, July 24.
$1 = RMB 7.1419