Coking Coal Market:
In Linfen, the price of low-sulfur primary coking coal is 1,320 yuan/mt. In Tangshan, the price of low-sulfur primary coking coal is 1,390 yuan/mt.
In terms of supply, coal mines are maintaining normal production, and the supply of coking coal is sufficient. On the demand side, the tenth round of coke price cuts has been implemented, with most coke enterprises generally incurring losses. The scope and intensity of production cuts have expanded, coupled with the slow recovery of steel demand. Downstream buyers are controlling arrivals and showing low acceptance of current coking coal prices. Overall, coking coal prices are expected to continue to decline further.
Coke Market:
The nationwide average price of Grade I metallurgical coke (dry quenching) is 1,680 yuan/mt. The nationwide average price of Quasi-Grade I metallurgical coke (dry quenching) is 1,540 yuan/mt. The nationwide average price of Grade I metallurgical coke (wet quenching) is 1,340 yuan/mt. The nationwide average price of Quasi-Grade I metallurgical coke (wet quenching) is 1,250 yuan/mt.
In terms of supply, after the tenth round of coke price cuts, most coke enterprises have fallen into losses, and some have reduced operations. However, coke supply remains at a high level, with significant sales pressure, and the inventory buildup situation is unlikely to change in the short term. On the demand side, steel mill profits are average, with no improvement in demand performance. Pig iron production is declining slowly, leading to reduced daily coke consumption by steel mills, which are primarily purchasing as needed. Overall, the coke market is likely to continue to fluctuate downward in the short term.
![마그네슘 가격 3거래일 연속 상승! 원가 측면은 여전히 '뜨겁게 타오르는' 반면 수요 측면은 바통을 이어받기 어려워 [SMM 논평]](https://imgqn.smm.cn/usercenter/EutUV20251217171724.jpeg)
![[ 캐나다, 미국산 철강에 50% 보복 관세 부과 예정 ]](https://imgqn.smm.cn/usercenter/QMaot20251217171719.jpg)
