SMM Daily Comment On Domestic Coking Coal And Coke Market (Sep 6)

SHANGHAI, Sep 6(SMM) –

Coking coal market:

Since coal mine accident occurred again in Shanxi, coking coal supply will remain tight. Currently, the demand from downstream coke and steel companies rose and some traders began to enter the market to purchase. Good shipments supported the price increase of some coal types.

Coke market:

The operating rate of coke enterprises was stable and shipments were relatively smooth, while traders entered the market to purchase goods. Therefore, inventory remained low. The operating rate of steel mills remained high and so the enthusiasm for purchasing coke was relatively high. But the current coke inventory held by steel mills is reasonable, so steel mills continued to purchase on demand.

On the whole, the downstream steel mills’ demand for coke is acceptable, coupled with cost support, the short-term coke market may run stably.