Telah Terbit: Nov 3, 2023 17:34
【SMM Coke Market Weekly Report】Core Points: On the supply side, the first round of coke price reduction landed this week, and most coking enterprises fell into losses again, but sales were good, most coking enterprises maintained their original production, and some coking enterprises slightly increased production, and coke supply increased. On the demand side, steel mills' profits were restored and their operating conditions improved, but in order to prevent coke prices from rebounding, most steel mills purchased coke on demand and had no intention of replenishing stocks. On the cost side, the production of previously suspended coal mines resumed, and the supply of coking coal increased. Due to the high price of coking coal and the reduction of coke prices, downstream coking enterprises purchased coking coal on demand or even reduced purchases, and the supply and demand of coking coal was slightly loose. The prices of some coal varieties that have not been adjusted may continue to decline. Overall, steel mills still have purchasing demand for coke, traders have also entered the market to purchase, coke supply and demand is relatively balanced, some coal varieties have already reduced prices on the raw material side, and the adjustment space is limited in the future, and the coke market may be relatively stable next week.

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