[SMM Steel Morning Meeting Summary: Some Coking Enterprises Initiate t

Published: May 8, 2024 07:30

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[SMM Steel Morning Meeting Summary: Some Coking Enterprises Initiate the Fifth Round of Price Increase for Coke, with a Range of 100-110 Yuan/ton] Some coking enterprises have initiated the fifth round of price increase for coke, with a range of 100-110 yuan/ton. On the demand side, steel mills are still steadily increasing their molten iron output, and there is still a demand for replenishing coke stocks. On the supply side, although the improvement in the profits of coking enterprises has significantly increased their operating rates and supply, the current coke inventories of coking enterprises are still relatively low. The fundamentals of coke still maintain a pattern of weak supply and strong demand. In addition, the cost side, some types of coal prices have increased, and cost support has become stronger. It is expected that coke prices will continue to maintain a stable to strong trend in the short term...

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