Source: www.jintou.com
From 11 November to 18 November 2022CokeThe market price is temporarily stable: Since November 11, the price of almost premium metallurgical coke in Shanxi is 2,300 yuan/ton and is temporarily stable this week.
Offer side:coking coalThis week the market is running smoothly and steadily. Downstream coking companies have slightly recovered their purchasing intentions in the foreseeable future. With the recovery of the market, the order situation in the mining areas has improved to some extent. Market shipments are good and onsite inventory is at a normal level. The price of some types of coal has increased slightly and the mining area has a better mentality.
This week, the coke market temporarily stabilized after falling. Coke fell for three consecutive rounds before, with a cumulative decline of 300-330 yuan/ton. On the supply side, coke companies have started to do well this week. The rise in futures led to an improvement in market sentiment. Some traders entered the market to buy, and coke company inventories generally declined. The first round of hikes was 100-110 yuan/ton, but downstream mills were hit by the profit and did not accept it for now. The steel mills still performed poorly in terms of profits this week, but as winter approaches, the mills had a certain plan for winter storage and their buying enthusiasm has increased slightly this week, but considering the profits, they have been more resistant to the increase in commodity prices.
Overall, the mentality of the coking steel game is currently heavy, the mentality of coking enterprises is good, and the market sentiment has increased to some extent. The price of coke is expected to be temporarily stable in the short term, and market prospects will focus on the sales of finished products and on the price trend of the raw material coking coal
(Article source: SunSir)
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