Publicado: Nov 10, 2023 17:18
【SMM Coke Market Weekly Report】Core points: On the supply side, the coking cost of coking enterprises increased this week, most of the coking enterprises increased their losses, but the sales situation was good, most of the coking enterprises maintained a low inventory state, and the production enthusiasm was increased, and the coke supply increased. On the demand side, steel mills' profits have been restored, the decline in iron ore output has slowed down, and there is still rigid demand for coke, and some low-inventory steel mills are worried about rain and snow weather and have begun to replenish their stocks. On the cost side, coal mines are producing normally, coking coal supply is temporarily stable, and coking enterprises' coking coal inventories are low, and there is a need to replenish stocks, and prices still have room to rise. Overall, steel mills still have purchasing needs for coke, traders have also entered the market to purchase, coke supply and demand is slightly tight, the price of main coking coal has risen on the raw material side, coke cost support has been strengthened, and the coke market is expected to be stable to strong next week.

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