According to the Commodity Market Analysis System of SunSirs, on June 30, 2025, the coke market in Shanxi Province experienced a narrow downward trend, with an average price of 1,200 RMB/ton, a decrease of 18% compared to the same period last month. Currently, the coke market is under great operating pressure, with loose supply and reduced downstream demand, resulting in overall market pressure.

In terms of prices: On June 30th, the price of cast coke in the Lvliang market remained stable, with narrow fluctuations in the coke market. Currently, the price of first grade cast coke is 2,280 RMB/ton for large blocks and 2,200 RMB/ton for medium blocks, both of which are cash inclusive of taxes at the factory price. On June 30th, the price of coke in the Changzhi market remained stable, with prices ranging from 1,190-1,260 RMB/ton for quasi dry quenched coke, 1,150 RMB/ton for quasi wet quenched coke, and 1,370-1,380 RMB/ton for quasi dry quenched coke, all of which are cash inclusive of taxes at the factory price. On June 30th, the price of metallurgical coke in the Jinzhong market was weak, with prices ranging from 1010-1030 RMB/ton for quasi first grade wet quenched metallurgical coke and 1,010-1,030 RMB/ton for quasi first grade metallurgical coke. Dry quenched metallurgical coke is priced at 1,240-1,275 RMB/ton, and first grade dry quenched metallurgical coke is priced at 1,380 RMB/ton, both of which are ex factory cash prices including tax.

On the supply side: Currently, the overall market supply of coke exceeds demand. According to data from the National Bureau of Statistics, the cumulative coke production in China from January to May 2025 was 207 million tons, a year-on-year increase of 3.3%. The monthly production in March was 41.294 million tons, a year-on-year increase of 4.1%. The monthly production in April was 41.6 million tons, a year-on-year increase of 7.1%. In May, the national production further increased to 42.376 million tons, a year-on-year increase of 2.4%. The data shows that in the first half of 2025, coke supply in China showed a trend of stable and increasing domestic production, with coke supply greater than the same period last year.

In terms of demand: Currently, downstream steel mills have average demand, and the profits of the steel industry are not optimistic. According to data from the National Bureau of Statistics, China's pig iron production was 360 million tons from January to May 2025, an increase of 0.45% year-on-year. In May 2025, China's crude steel production was 86.545 million tons, a decrease of 6.9% year-on-year. The cumulative crude steel production from January to May was 430 million tons, a decrease of 1.7% year-on-year. From January to May 2025, the domestic coke production was 207 million tons, an increase of 3.3% year-on-year. According to customs data statistics, the cumulative import quantity of coke from January to May 2025 was 77,000 tons, an increase of 92.86% year-on-year, and the cumulative export quantity of coke from January to May 2025 was 2.995 million tons, a decrease of 25.09% year-on-year. Currently, there is a contradiction between the oversupply of coke in the market. Still prominent, steel mills are expected to significantly reduce production in the second half of the year, and the supply and demand pattern of coke will gradually shift from loose to balanced.

The coke analyst from SunSirs believes that the current operating pressure in the coke market is high, and the supply of coke in the market is loose. It is expected that the overall focus of negotiations in the coke market will shift downwards.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.