Coke Prices See Fifth Round of Cuts, Market Fundamentals Remain Bearish

Publié: Apr 27, 2023 15:48
Source: SMM
SHANGHAI, Apr 27 (SMM) - Coking coal: Some coal mines in Shanxi were shut down following an accident, which will tighten supply slightly.

SHANGHAI, Apr 27 (SMM) - Coking coal: Some coal mines in Shanxi were shut down following an accident, which will tighten supply slightly. However, as coking coal inventories continued to build up amid poor demand, coking coal prices are still under downward pressure.
Coke: Coke output continued to grow as lower costs boosted production enthusiasm. Only a few coking plants cut output. More steel mills are planning to carry out maintenance to cope with poor end demand and profit margins. Steel mills restocked coke only as needed. To sum up, coke inventories kept growing amid poor shipments. One steel mill in Hebei has already cut coke purchase prices by 100 yuan/mt, marking the fifth round of coke price cuts. SMM remains bearish towards future coke prices.   

Déclaration sur la source des données : À l'exception des informations publiques, toutes les autres données sont traitées par SMM sur la base d'informations publiques, d'échanges avec le marché et en s'appuyant sur le modèle de base de données interne de SMM. Ils sont fournis à titre indicatif uniquement et ne constituent pas des recommandations décisionnelles.

Pour toute demande d'information ou pour en savoir plus, veuillez contacter : lemonzhao@smm.cn
Pour plus d'informations sur l'accès à nos rapports de recherche, veuillez contacter :service.en@smm.cn
Actualités Connexes
Angang Guangzhou Steel and SMS Launch QES Project for Enhanced Digital Quality Control
il y a 1 minute
Angang Guangzhou Steel and SMS Launch QES Project for Enhanced Digital Quality Control
Lire la suite
Angang Guangzhou Steel and SMS Launch QES Project for Enhanced Digital Quality Control
Angang Guangzhou Steel and SMS Launch QES Project for Enhanced Digital Quality Control
On August 31, Angang Guangzhou Automotive Steel and SMS held an online launch ceremony for the Full-Process Quality Execution System (QES) project. Project management and technical execution teams from both sides attended the meeting, officially kicking off the project construction. Grounded in the quality management needs of high-end automotive steel products, this collaborative project will help Guangzhou Steel complete a comprehensive iterative upgrade of its quality management system and build more robust digital quality control capabilities, marking an important milestone in the company's push toward intelligent manufacturing and accelerated digital transformation. The QES quality solution provided by SMS to Guangzhou Steel is closely tailored to Guangzhou Steel's customized business requirements, addressing the company's dual development goals of process flexibility in capacity and consistently stable product quality, and building a full-chain closed-loop quality assurance system covering data collection, analysis, assessment, and management decision-making.
il y a 1 minute
[SMM Briefing quotidien sur le charbon à coke et le coke] 20260903
il y a 4 minutes
[SMM Briefing quotidien sur le charbon à coke et le coke] 20260903
Lire la suite
[SMM Briefing quotidien sur le charbon à coke et le coke] 20260903
[SMM Briefing quotidien sur le charbon à coke et le coke] 20260903
il y a 4 minutes
Steel mills shift from pellets to ore fines; demand structure changes, ore price rally may slow down [SMM Iron Ore Daily Review]
il y a 7 minutes
Steel mills shift from pellets to ore fines; demand structure changes, ore price rally may slow down [SMM Iron Ore Daily Review]
Lire la suite
Steel mills shift from pellets to ore fines; demand structure changes, ore price rally may slow down [SMM Iron Ore Daily Review]
Steel mills shift from pellets to ore fines; demand structure changes, ore price rally may slow down [SMM Iron Ore Daily Review]
il y a 7 minutes