On February 3, the No. 1 coke oven of the Pingxiang Xuyang annual 1.8 million-ton coking project was ignited for drying, a process that will last for 65 days. The project will strictly control the temperature rise procedure, drawing on the experience of the No. 2 coke oven to ensure smooth commissioning. Located in the Xiangdong Industrial Park in Pingxiang, Jiangxi, the project has a total investment of 3 billion yuan. Upon completion, it will produce 1.8 million tons of coke annually, along with various chemical by-products.

PriceSeek Analysis on Coke, Bull-Bear Score: -1
Upon completion, the project will add an annual coke production capacity of 1.8 million tons, significantly increasing market supply. This is expected to exert downward pressure on spot coke prices. Considering futures data (e.g., the Dalian Commodity Exchange contract 2609 closed at 1,831.5 yuan/ton, up 32.5 yuan), although the current market shows an upward trend, the new capacity may suppress the prices of forward contracts, leading to a looser supply-demand balance. The overall assessment is moderately bearish, with a score of -1.