[SMM coke port inventory] Market pessimism worsened, and inventory accumulation in Qingdao and Rizhao port increased

Published: Apr 3, 2024 13:34

Source: SMM

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As of April 2, coke inventory across Qingdao and Rizhao port rose by 3.77% WoW to 1.378 million mt.

As of April 2, coke inventory across Qingdao and Rizhao port rose by 3.77% WoW to 1.378 million mt.
This week, after the seventh round of coke prices cuts, market pessimism intensified, shipments deteriorated significantly, market transactions were sluggish, and port inventories accumulated significantly.
As coke prices are still expected to fall, traders are currently mainly on the sidelines, and it is expected that coke inventories in the two ports will still accumulate slightly next week.

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