The support from coking costs weakened, and the expectation of a coke price hike next week may continue to be unmet. From a price perspective, coke prices remained stable this week, and the profit per metric ton of coke for coking enterprises was not affected by price fluctuations. From a cost perspective, coking coal supply was stable, downstream purchases were cautious, mainly purchasing as needed, mine shipments were average, online auctions saw more declines than increases, and the number of failed auctions increased, leading to a slight decrease in coking costs. The expectation of a coke price hike next week may continue to be unmet, maintaining stable operations, with a relatively small impact on coking enterprise profits. However, the number of failed online auctions for coking coal may expand, weakening coking costs for coking enterprises, and it is expected that most coking enterprises will further increase their profits.

The purchase price adjustment for steel scrap at Anyang Steel in Henan was updated today. Please feel free to contact us if needed!