During the week ending October 17, local coke prices in China have moved sideways compared to October 10, but a second round of price increases has been proposed by the end of this week and may be accepted next week.
First-grade coke prices in Tangshan are at RMB 1,635/mt ($230/mt) ex-warehouse, remaining stable compared to October 10, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coke | First grade （A<13.0,S<0.75,CSR>65.0） | Hancheng, Shaanxi | 1,555 | 219.2 | 0.0 | 0.3 |
| Zibo, Shandong | 1,690 | 238.2 | 0.0 | 0.3 | ||
| Pingdingshan, Henan | 1,540 | 217.1 | 0.0 | 0.3 | ||
| Tangshan | 1,635 | 230.4 | 0.0 | 0.3 | ||
| Huaibei, Anhui | 1,590 | 224.1 | 0.0 | 0.3 | ||
| Average | 1,602 | 225.8 | 0.0 | 0.3 |
including 13 percent VAT
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） | Price ($/mt) | Weekly Change（RMB/mt） | Weekly Change（$/mt） |
| Coking Coal | A9,S0.4,V19,G88 | Linfen low-sulfur primary coking coal | 1,540 | 217.1 | 0.0 | 0.3 |
| A10.5,S3,V25,G80 | Lveliang high-sulfur primary coking coal | 1,073 | 151.2 | 12.0 | 1.9 | |
| A10,S1.8,V21,G90 | Jinzhong medium-sulfur primary coal | 1,194 | 168.3 | 0.0 | 0.2 | |
| A12,S1.2,V37.G90 | Linfen low-sulfur 1/3 coking coal | 1,190 | 167.7 | 0.0 | 0.2 | |
| Average | 1,249.25 | 175.8 | 3.0 | 0.4 |
Coke prices in the Chinese domestic market have remained stable, while mainstream coking plants in Hebei Province have issued notices of higher coke prices, which may be implemented next week, though no replies have been heard from mainstream steelmakers. Inventories of coke have been at relatively low levels, positively affecting prices. Meanwhile, coking coal prices have risen slightly, bolstering coke prices from the cost side.
During the given week, average coking coal prices in the Chinese domestic market have fluctuated within a limited range amid steady supplies. Downstream users and traders have been more willing to conclude purchases of coking coal, bolstering prices. Molten iron outputs have been at relatively high levels, boosting demand for coking coal.
On October 17, offer prices of coke CSR65 in the export market have been at around $230/mt FOB or $225/mt FOB at the lowest. But this price level is entirely out of the range of interest of buyers. A deal for Indonesian coke was signed at $210/mt FOB this week and offers for ex-Indonesia material are at $415/mt FOB.
As of October 17, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,179/mt ($166/mt), increasing by RMB 18/mt ($2.5/mt) or 1.55 percent since October 10, while up 1.46 percent compared to the previous trading day, October 16. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,676/mt ($236/mt), rising by RMB 9.5/mt ($1.3/mt) or 0.6 percent since October 10, while up 1.64 percent compared to the previous trading day, October 16.
$1 = RMB 7.0949