This week, the coke market in China showed a narrow and weak trend (9.5-9.12)

September 12, News

I. Price Trends

According to the commodity market analysis system: On September 12, 2025, the coke market in Shanxi region of China remained stable. The average price of coke for this month was 1,442 CNY per ton, which is a slight decrease compared to the same period last month. In September, the coke market in China mainly remained stable, with prices showing minor fluctuations.

2. Market Analysis

Price Overview:
On September 12, metallurgical coke prices in Handan remained weak, with the current price for Grade-1 dry-quenched coke ranging from 1,550 to 1,580 CNY/ton, while Grade-1 wet-quenched coke was quoted at 1,390 CNY/ton—both prices are ex-factory, cash-inclusive, and include taxes. Meanwhile, in Erdos, semi-coke prices stayed stable on the same day, with medium-grade material priced at 645–670 CNY/ton and small-grade material at 595–620 CNY/ton; coke fines were listed at 560 CNY/ton—again, all prices are ex-factory, cash-inclusive, and include taxes. In Hohhot, semi-coke prices also held steady, with medium-grade material at 660 CNY/ton, small-grade material at 650 CNY/ton, and coke fines at 580 CNY/ton—still at ex-factory, cash-inclusive, and tax-included pricing. In Tangshan, metallurgical coke prices remained unchanged, with the mainstream market transaction price now at 1,790 CNY/ton for Grade-1 dry-quenched coke and 1,725 CNY/ton for Grade-1 dry-quenched coke—both ex-factory, cash-inclusive, and tax-included. Finally, in Lüliang, foundry coke prices stayed stable, with Grade-1 large blocks currently priced at 2,430 CNY/ton and medium blocks at 2,350 CNY/ton—again, all prices are ex-factory, cash-inclusive, and tax-included.

Supply Side: This week, the first round of price reductions for metallurgical coke in China was officially implemented. Market sentiment has deteriorated, and prices have fallen slightly compared to the same period last week. Currently, coke producers are operating with thin profit margins, and the supply is loose. Recently, there has been a lack of momentum on the demand side, and some regional coke producers are experiencing poor sales, leading to high inventory pressure. Overall, the supply of chemical coke is relatively loose.

Demand Side: Currently, the market is gradually returning to rationality. Downstream calcium carbide companies and alloy plants are mostly adopting rigid demand-based procurement strategies. Shipments remain steady, though purchasing enthusiasm has softened compared to earlier periods, resulting in overall insufficient downstream demand.

III. Market Forecast

Coke analysts believe: It is expected that next week, coke enterprises in China will maintain their current trend, with insufficient downstream demand and some coke companies experiencing slow sales.