Telah Terbit: Nov 3, 2023 19:35
Coal and coke prices have limited downside space and are about to bottom out. This week's first round of coke price cuts has put most coking companies back into losses, but sales are good and most coking companies maintain their original production, with some coking companies slightly increasing production. Steel mills' profits have been restored and their operations have improved, but to prevent coke prices from rebounding, most steel mills purchase coke on demand and have no intention of replenishing stocks. Overall, steel mills still have demand for coke, traders have also entered the market to purchase, coke supply and demand is relatively balanced, coking companies' own coke stocks will not continue to increase, steel mills consume a lot of coke, and under the situation of continuous purchase on demand, there is a risk of coke stocks decreasing.

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Coal and coke prices have limited downside space and are about to bott - Shanghai Metals Market (SMM)