High Inventory Levels Lead to Stable Operation in the Coke Market

February 27 News

I. Price Trends

According to the commodity market analysis system: On February 27, 2025, the average price was 1,443 CNY/ton. The coke market prices in China were mainly stable with a slight downward trend. Recent prices have remained stable, and the market trading atmosphere is light. Currently, inventories are high, and the negotiation center is low, lacking significant momentum for large price fluctuations in the short term.

II. Market Analysis

Price Overview: On February 27, metallurgical coke prices in the Handan market remained stable. Currently, the price for Grade-1 dry-quenched coke ranges from 1,560 to 1,580 CNY per ton, while the price for Grade-1 wet-quenched coke is 1,390 CNY per ton—all quoted ex-factory, cash-inclusive of tax. On February 27, coke prices in the Qujing market showed a relatively strong trend. The current price for Grade-2 coke is 1,845 CNY per ton, and for substandard-grade coke it is 1,570 CNY per ton—both quoted ex-factory, cash-inclusive of tax, on a dry-basis basis. On February 27, metallurgical coke prices at the Tianjin Port market remained stable. Currently, the port’s Grade-1 dry-quenched coke is priced at 1,520 CNY per ton, and Grade-1 wet-quenched coke at 1,620 CNY per ton—both quoted as delivered-to-warehouse, acceptance-based prices. On February 27, coke prices in the Changzhi market remained stable. Currently, the price for Grade-1 dry-quenched coke ranges from 1,540 to 1,590 CNY per ton, Grade-1 wet-quenched coke is 1,450 CNY per ton, and Grade-1 dry-quenched coke is 1,700 to 1,750 CNY per ton—all quoted ex-factory, cash-inclusive of tax.

3. Future Market Forecast

Coke analysts believe that in the short term, the focus of negotiations in the coke market in China will remain stable, with prices mainly holding steady.