Publicado: Oct 23, 2023 17:45
According to SMM, in terms of supply in the coke market, coking enterprises are shipping normally and inventories are running at low levels. However, due to the fact that some coking enterprises are still in a loss-making state and the 4.3-meter coke ovens in Shanxi have been shut down one after another, the supply of coke has been reduced. On the demand side, steel prices continue to weaken, transactions are generally weak, and capital pressure is high due to continuous losses. The output of steel mill blast furnace continues to decline, weakening the demand for coke. In general, the number of online auctions for coking coal has increased, some coal prices have been adjusted downward, coking enterprises' cost of entering the furnace has decreased, coking enterprises' profits have increased, and the sentiment of rising has begun to decline. In addition, the demand of steel mills has weakened, and the coke market will be temporarily stable in the short term.

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