Publicado: Nov 14, 2023 07:40
Summary of SMM Steel Morning Meeting: Short-term coke prices are expected to show a strong running trend. This week, the local leading mine in Shandong reported a tax-excluded acceptance price of 1049 yuan/ton, up 20 yuan/ton for 64-grade alkaline powder. On the supply side, the mine selection side still mainly maintains normal production to meet the long-term steel plant orders, and the inventory is basically without surplus, maintaining the production and sale status. On the demand side, steel plants still operate with low inventory, and the high cost is still maintained for purchase on demand. Recently, iron ore has continued to rise, and steel plants are still in a loss-making state, and the acceptance of high-priced iron powder is still low, mostly supplemented on demand. The import ore price is still strong at the beginning of this week, and it is expected that the local iron powder price will still have some upward space.

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