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Daily Updates On Coking Coal And Coke Markets

iconMay 18, 2023 17:37
SHANGHAI, May 18 (SMM) – Coking coal: Some mines saw their inventories decline as traders began to make purchases, which may allow them to raise offers in the future.

SHANGHAI, May 18 (SMM) – Coking coal: Some mines saw their inventories decline as traders began to make purchases, which may allow them to raise offers in the future. However, others may lower offers due to growing inventory.

Coke market: Some steel mills in Hebei intend to cut the purchase price of coke by 50 yuan/mt. Coking plants maintain stable operations and inquiries from traders picked up.

Steel mills’ profit margins improved, but they still restocked coke as needed as end-user demand did not improve significantly. Coke prices are expected to hold stable or inch lower.

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