【SMM Coke Market Weekly Report】Core Points: On the supply side, the fi

Published: Nov 3, 2023 17:34

Save

【SMM Coke Market Weekly Report】Core Points: On the supply side, the first round of coke price reduction landed this week, and most coking enterprises fell into losses again, but sales were good, most coking enterprises maintained their original production, and some coking enterprises slightly increased production, and coke supply increased. On the demand side, steel mills' profits were restored and their operating conditions improved, but in order to prevent coke prices from rebounding, most steel mills purchased coke on demand and had no intention of replenishing stocks. On the cost side, the production of previously suspended coal mines resumed, and the supply of coking coal increased. Due to the high price of coking coal and the reduction of coke prices, downstream coking enterprises purchased coking coal on demand or even reduced purchases, and the supply and demand of coking coal was slightly loose. The prices of some coal varieties that have not been adjusted may continue to decline. Overall, steel mills still have purchasing demand for coke, traders have also entered the market to purchase, coke supply and demand is relatively balanced, some coal varieties have already reduced prices on the raw material side, and the adjustment space is limited in the future, and the coke market may be relatively stable next week.

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 for 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

41 mins ago

Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]

41 mins ago

1 hour ago

[ Canada to Impose 50% Retaliatory Tariff on US Steel ]

The Canadian government announced a 50% retaliatory tariff on United States exports of steel and aluminum, scheduled to take effect on September 8, 2026. The aggressive trade measure directly responds to the recent collapse of bilateral metal trade negotiations and the implementation of US tariffs. The cross-border penalties threaten to heavily disrupt integrated North American steel supply chains ahead of the fast-approaching deadline.

1 hour ago

[ Bharat Coking Coal Output Grows 2.8% in August ]

Bharat Coking Coal Limited (BCCL) announced that its coking coal production increased by 2.8% year-on-year to 2.18 million tonnes in August 2026. Despite a sharp 65.9% drop in non-coking coal output, the core metallurgical segment drove total raw coal production to 2.21 million tonnes for the month. Opencast mining operations were the primary contributors to this volume, generating 2.19 million tonnes of the total yield.

1 hour ago