Publicado: Sep 1, 2023 17:44
The supply of coke is difficult to decrease, and the loose supply may come soon. There is still expectation of price reduction in the follow-up coke market, but this week there are many macro-positive news and the coal and coke market has been boosted. The market sentiment of price reduction has weakened, and it is difficult for the second round of coke price reduction to land next week. At the same time, due to the strict safety inspection of coal mines, it is difficult to reduce the price of coke again. Coke enterprises are expected to maintain a slightly profitable state, and the demand for coke is good. The coke inventory of coke enterprises is running at a low level, and the confidence of coke enterprises is still acceptable. The utilization rate of coke furnaces of coke enterprises may be slightly increased next week.

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The supply of coke is difficult to decrease, and the loose supply may - Shanghai Metals Market (SMM)