Recent market conditions of foundry coke

Analysis of Recent Market Trends

Upward Price Trend: Driven by rising prices of coking coal in the upstream sector, production costs for foundry coke have increased significantly. In mid-to-late March, domestic foundry coke prices generally rose by 100–200 yuan per ton.

Tight Supply-Demand Balance: The foundry industry is currently experiencing a recovery in business conditions, with strong downstream demand. Meanwhile, foundry coke supplies in the market remain in a state of tight balance, providing support for price increases.

Short-Term Outlook: As upstream coal supplies are expected to remain tight, the market generally anticipates that foundry coke prices will remain stable or trend upward. From a longer-term perspective, the global foundry coke market is projected to maintain moderate growth, with an estimated compound annual growth rate (CAGR) of 3.8% from 2026 to 2032.