Coke market trends stable

In terms of coke, the domestic coke market is running smoothly today.

 In terms of supply, the futures market has strengthened recently, market sentiment has improved, some coking coal prices have stopped falling, and the first round of price increases and reductions for coke have landed. The profits of coke enterprises have narrowed, and there is limited room for coking to continue to increase production. However, steel prices have risen for several days, and the profitability of some steel mills has improved. In the short term, the demand for coke is good, and the coke enterprises in the production areas have shipped smoothly. There is no obvious inventory pressure in the factory. The mainstream quasi-first-grade dry quenching coke in Shanxi is now quoted at 2090-2130 yuan/ton.

In terms of demand, the price of finished products has fluctuated and strengthened recently, and with the decline in raw material prices, the profits of steel mills have been restored, and the current steel mill operation level is good, and there is still a demand for replenishment of coke.

In terms of ports, the spot price of coke in ports has fluctuated and run strong, and market sentiment has improved, but the actual transaction is still deserted. The mainstream spot exchange ex-warehouse price of quasi-first-grade metallurgical coke in ports is 2000-2050 yuan/ton.

On the whole, with the price of finished products fluctuating upward and boosted by multiple macroeconomic factors, the losses of steel mills have been alleviated, and coke has been appropriately purchased, and the sales of coke enterprises are good. In addition, the price of coking coal on the raw material side has shown signs of stopping the decline, and the cost support of coke is expected to increase. The resistance to the continued decline of coke prices is increasing. It is expected that the coke market may temporarily stabilize in the short term. In the later period, it is necessary to continue to pay attention to the impact of steel mill production, raw coal price trends, macroeconomic policies, transportation conditions, coke inventory changes, coke supply and demand, coke steel profits, etc. on the coke market.