<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xsi:schemaLocation="http://www.sec.gov/edgar/thirteenffiler eis_13F_Filer.xsd" xmlns="http://www.sec.gov/edgar/thirteenffiler" xmlns:ns1="http://www.sec.gov/edgar/common" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0001438637</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>12-31-2020</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>12-31-2020</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>Firefly Value Partners, LP</name>
        <address>
          <ns1:street1>426 Pineville Road, Unit 1</ns1:street1>
          <ns1:city>Newtown</ns1:city>
          <ns1:stateOrCountry>PA</ns1:stateOrCountry>
          <ns1:zipCode>18940</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-13676</form13FFileNumber>
      <provideInfoForInstruction5>Y</provideInfoForInstruction5>
      <additionalInformation>The reporting person is in the process of winding up, did not exercise investment discretion over any Section 13(f) securities as of December 31, 2020 and will not exercise investment discretion over any Section 13(f) securities in the future.  Accordingly, this is the reporting person's final Form 13F Holdings Report.</additionalInformation>
    </coverPage>
    <signatureBlock>
      <name>Ryan Heslop</name>
      <title>Managing Member of the General Partner</title>
      <phone>212-672-9603</phone>
      <signature>/s/ Ryan Heslop</signature>
      <city>Newton</city>
      <stateOrCountry>PA</stateOrCountry>
      <signatureDate>02-16-2021</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
      <tableEntryTotal>0</tableEntryTotal>
      <tableValueTotal>0</tableValueTotal>
    </summaryPage>
  </formData>
</edgarSubmission>
