Coking Coal and Coke Market Review and Forecast (May 25)

Published: May 25, 2023 17:24

Source: SMM

Save

SHANGHAI, May 25 (SMM) – Coking coal: Coal mines maintain stable production.

SHANGHAI, May 25 (SMM) – Coking coal: Coal mines maintain stable production. Coking coal stocks have declined to varying degrees. Stocks of some high-quality coal are at low levels, thus its quotations were hiked slightly. Other mines kept their offers unchanged.

Coke: Most coking plants still have profits and maintain stable production. Coke stocks fell sharply amid smooth shipments. Steel mills accelerated production resumption, but still tried to push for lower coke prices as steel prices have fallen recently. Restocking by steel mills is about to end, and steel market is bearish, which may weigh on coke prices.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

16 mins ago

Ferrous Metals May Continue to Fluctuate at Highs in the Short Term [SMM Steel Industry Chain Weekly Report]

This week, ferrous metals moved sideways and upward. During the week, as US-Iran negotiations made no progress and the Strait of Hormuz remained closed, combined with declining US crude oil inventories, Brent crude oil surged sharply, driving coking coal higher. Although BHP port spot cargoes were available for purchase, which was bearish for market sentiment, futures had already priced in related expectations earlier, so iron ore pullback was limited and cost support was relatively neutral. The Politburo meeting held mid-week had low direct correlation with ferrous metals, and ferrous metals fluctuated at highs during the week. Spot market side, end-users restocked at low prices before the holiday, and as futures rose in the latter half of the week, speculative demand was also released...

16 mins ago

35 mins ago

[SMM Manganese Ore Weekly Review] Manganese Ore Market Fluctuated and Pulled Back, Intensifying Tug-of-War Between High Cost Support and Weak Demand

35 mins ago

38 mins ago

4.30 SMM Global Steel Daily Report

SMM News Flash: [HRC] Today's HRC export prices rose $1/mt MoM, with most market quotes above $500/mt. However, according to market feedback, a quote of $480/mt was seen today, likely an MD price. [India] Domestic steel mill prices in India remained stable, with ex-factory prices at 625-630 USD/tonne. Mills held prices firm due to good order-taking and upward cost pressure. However, spot trading market sentiment was weak, and coupled with energy supply issues at downstream processing enterprises, procurement was mainly driven by steel demand.

38 mins ago