Publicado: Nov 17, 2023 17:06
【SMM Coke Market Weekly Report】Core Points: On the supply side, this week's coking enterprises' coke sales were good, maintaining a low inventory state, but most coking enterprises' losses expanded, production enthusiasm decreased, and coke supply decreased. On the demand side, this week's steel mills' profits improved significantly, blast furnace output remained high, rigid demand for coke, and traders entered the market to inquire and take goods, overall coke demand increased. On the cost side, this week there were multiple coal mine accidents in Shanxi, coking coal supply tightened locally, and downstream coking enterprises had replenishment needs, coking coal prices still have room to rise. Overall, the coke supply and demand is relatively tight, coupled with coal mine accidents leading to coking coal prices continuing to rise, coking enterprises' raw coal costs increase, the market bullish sentiment is strong, next week the coke market may be biased towards strength.

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