Coke market conditions are stable for now

March 31 News

I. Price Trends

According to the commodity market analysis system: On March 31, 2025, the average price was 1,391 CNY/ton. Currently, the coke market prices in China are mainly stable, with a steady focus on market negotiations. Prices are generally stable with minor fluctuations. Cost support has weakened somewhat, and the market trading atmosphere is lukewarm, with inventories mainly at high levels.

II. Market Analysis

Price Overview: On March 31, coking coal prices in the Qujing market showed a weak trend. Currently, Grade-2 coke is quoted at 1,795 CNY/ton, and non-standard grade coke at 1,520 CNY/ton—both prices are ex-factory, cash-inclusive, based on a dry basis. In the Handan market, metallurgical coke prices remained stable on March 31. Currently, quasi-first-grade dry-quenched coke is quoted at between 1,495 and 1,525 CNY/ton, while quasi-first-grade wet-quenched coke is quoted at 1,340 CNY/ton—both prices are ex-factory, cash-inclusive. In the Changzhi market, coking coal prices remained stable on March 31. Currently, quasi-first-grade dry-quenched coke is quoted at between 1,485 and 1,535 CNY/ton, first-grade wet-quenched coke at 1,400 CNY/ton, and first-grade dry-quenched coke at between 1,640 and 1,695 CNY/ton—all prices are ex-factory, cash-inclusive.

III. Future Market Forecast

Coke analysts believe: It is expected that in the short term, the focus of negotiations in the Chinese coke market will remain stable, with prices mainly holding steady.