During the week ending July 11, local coke prices in China have remained stable compared to July 4, but, in some regions, mills have already started to implement price increases, which may be finalized next week. Higher steel prices and a hike of six percent in coke futures prices have been behind the improved mood in the market.
First-grade coke prices in Tangshan are at RMB 1,210/mt ($169/mt) ex-warehouse, moving sideways compared to July 4, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,170 | 163.7 | 0.0 | 0.1 |
| Zibo, Shandong | 1,360 | 190.3 | 0.0 | 0.2 | ||
| Pingdingshan, Henan | 1,210 | 169.3 | 0.0 | 0.1 | ||
| Tangshan | 1,210 | 169.3 | 0.0 | 0.1 | ||
| Huaibei, Anhui | 1,260 | 176.3 | 0.0 | 0.1 | ||
| Average | 1,242 | 173.8 | 0.0 | 0.1 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,210 | 169.3 | 30.0 | 4.3 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 867 | 121.3 | 24.0 | 3.5 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 861 | 120.5 | 0.0 | 0.1 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 850 | 118.9 | 0.0 | 0.1 | |
| Average | 947 | 132.5 | 13.5 | 2.0 |
Coke prices in the Chinese domestic market have remained stable. In some regions, a round of price hikes is expected next week. Lately, finished steel prices have moved up, exerting a positive impact on the raw material market. Inventory of coke has declined, bolstering prices. It is expected that coke prices in the Chinese domestic market will edge up in the coming week.
During the given week, average coking coal prices in the Chinese domestic market have continued their slight uptrend. Traders have been willing to conclude purchases for coking coal, positively affecting prices. Since coking plants are likely to raise coke prices in the near future, it is thought that coking coal prices may edge up further in the coming week.
On July 11, offer prices of coke CSR65 in the export market have been at $192/mt FOB, decreasing by $3/mt compared to July 4.
As of July 11, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 913/mt ($127.7/mt), increasing by RMB 73.5/mt ($10.3/mt) or 8.8 percent since July 4, while up 3.34 percent compared to the previous trading day, July 10. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,519.5/mt ($212.5/mt), increasing by RMB 86.5/mt ($12.1/mt) or 6.0 percent since July 4, while up 2.81 percent compared to the previous trading day, July 10.
$1 = RMB 7.1475