SunSirs: China Coke Market Remained Stable in December

According to the Commodity Market Analysis System of SunSirs, on December 31, 2024, the coke market in Shanxi Province was temporarily stable, with a price of 1,725 RMB/ton. In December, the overall coke market was stable, with stable prices as the main factor. On December 31, the coke price in Qujing market remained stable, with secondary coke reported at 2,035 RMB/ton and external coke reported at 1,715 RMB/ton, both of which are cash and tax inclusive dry basis ex factory prices.

The coke market remained stable in December. Currently, coke enterprises are maintaining a normal pace of production, and most manufacturers are actively shipping. Most coke enterprises are still able to maintain a slight profit margin. Due to factors such as transportation prices, the export volume of coke in Xinjiang is relatively small, and inventory pressure still exists. In terms of demand, the pressure of the off-season at the end is prominent, and downstream enterprises are mainly purchasing for essential needs. The overall market upward momentum is insufficient, and it is expected that the domestic market for chemical coke prices will operate weakly and steadily in the short term.

SunSirs coke analyst believes that the coke market is expected to maintain its current trend in the short term, with a focus on stable operation and no obvious upward momentum.

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