Coking Coal Market Supply and Demand in Balance, Prices Remain Stable

April 30th News

I. Price Trends

According to the commodity market analysis system: On April 30, 2026, the average price of quasi-primary metallurgical coke was 1560 CNY/ton, and the coke market in China remained stable, with most purchases made on a need basis.

II. Market Analysis

Market Trading: The market trading atmosphere is relatively flat. On the part of steel mills, due to their own inventory being at a reasonable level and a bearish expectation for future coke prices, purchasing enthusiasm is not high. Coking enterprises, on the other hand, are facing pressure to sell. To promote sales, some companies have started to proactively lower prices.

Market: The market is in a supply and demand tug-of-war. In major regions, the price of coke remains within a certain range. On April 30th, the price of metallurgical coke in the Tangshan market remained stable, with the current mainstream transaction price for first-grade dry quenched coke at 1,790 CNY/ton and top-charged first-grade dry quenched coke at 1,860 CNY/ton, both on a factory price cash-inclusive basis. On April 30th, the price of metallurgical coke in the Tianjin Port market also remained stable, with port first-grade coke at 1,570 CNY/ton and first-grade coke at 1,670 CNY/ton, both on a FOB acceptance basis. On April 30th, the coke price in the Qujing market was relatively strong, with second-grade coke at 1,895 CNY/ton and off-grade coke at 1,620 CNY/ton, both on a dry basis factory price cash-inclusive.

III. Future Market Forecast

Coke analysts believe that the coke market is facing dual pressures from oversupply and weak demand, making the future price trend grim.