According to the Commodity Market Analysis System of SunSirs, on December 20, 2024, the coke market in Shanxi Province remained stable, with an average price of 1,725 RMB/ton. The price of metallurgical coke in Shanxi Province decreased, with an average price of 1,900 RMB/ton. This week, the coke market price remained stable.

Market wise: Last week, port trade sentiment was weak in the southwest market. On the supply side, the overall market operating rate is stable, with downstream purchases being the main focus. On the raw material side, most coal mine inventories are still acceptable. The market trend in Hebei is weak and stable, while the cost support in the coke market is insufficient. This week, steel mills' iron production continued to decline to 2.2941 million tons, a decrease of 30600 tons compared to the previous week. Demand continues to shrink, and steel mills' steel billet prices fluctuated weakly.

In terms of price, the mainstream coke enterprises in Yunnan currently charge 2,035 RMB/ton for secondary metallurgical coke, and 1,700-1,720 RMB/ton for high-grade metallurgical coke; Guizhou's mainstream coke enterprises implement a second level metallurgical coke price of 2,040-2,100 RMB/ton; The mainstream coke enterprises in Sichuan charge 1,890 RMB/ton for secondary metallurgical coke and 1,940 RMB/ton for primary metallurgical coke.

The coke analyst from SunSirs believes that the downstream market demand for coke remains sluggish, and market sentiment is weak. There is a possibility of further decline in the coke market.

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