According to the Commodity Market Analysis System of SunSirs, on January 10, 2025, the coke market in Shanxi Province remained stable, with an average price of 1,698.33 RMB/ton. The price of metallurgical coke in Shanxi Province declined, with an average price of 1,844 RMB/ton. Last week, the coke market price remained stable.

In terms of market: Last week, the coke market remained stable with little price fluctuations and weak terminal demand. Prices continued to weaken due to increased winter maintenance, and iron production continued to decline. Steel mills suppressed coke prices, and coke enterprises had low purchasing enthusiasm, resulting in high inventory levels.

In terms of supply: The overall market supply is sufficient, with an increase in equipment maintenance for enterprises, limited transportation in some areas, strong bearish sentiment in the market, sustained high inventory in steel mills, insufficient off-season trading atmosphere, and poor demand performance during the off-season.

According to the coke analyst from SunSirs, it is expected that coke will maintain its current trend in the short term, with narrow and weak operation as the main factor and insufficient demand momentum.

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