Source: Jintou.com
November 11 to November 18, 2022cokeThe market price is temporarily stable. On November 11, the price of semi-grade metallurgical coke in Shanxi is 2,300 yuan/ton, and it is temporarily stable this week.
The supply side:coking coalThe market is running steady and well this week. Downstream coke companies have recovered their buying intentions slightly in the near future. As the market rises, the ordering situation in mining areas has improved to some extent. The market loads are good, and the inventory on site is at a normal level. The price of some types of coal has risen slightly, and the mining area has a better mentality.
This week, the coke market temporarily stabilized after falling, the coke fell for three consecutive rounds before, with a cumulative drop of 300-330 yuan / ton. On the supply side, coke companies started working well this week. The future increase led to an improvement in market sentiment. Some traders entered the market to buy, and the list of coke companies fell in general. The first round of increase was 100- 110 yuan / ton, but the downstream steel mills were affected by the profit and we they accepted it for now. Steel mills still performed poorly in terms of profits this week, but as winter approached, steel mills had a specific winter storage plan, and their buying enthusiasm picked up a bit this week, but considering profits, they were more resistant to rising raw material prices.
Overall, the mentality of the coke steel game is currently heavy, the mentality of coke enterprises is good, and the market sentiment has risen to a certain extent, it is expected that the price of coke will be temporarily stable in the short term. term, and the market forecast will focus on the sale of finished products and the price trend of raw material coking coal
(Article source: SunSir)
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