Coke Inventory Increases amid Weak Demand and Poor Shipment Efficiency

SHANGHAI, Feb 15 (SMM) - On February 13, the transaction prices of first-grade metallurgical CQD in Luliang, Shanxi were 2,890 yuan/mt (ex-factory), flat from the previous day.

The bad weather condition have affected the shipments in Shanxi. At the same time, traders and downstream enterprises were generally not enthusiastic in purchasing. As such, inventory of some coal mines accumulated, but the prices were stable amid the relatively low inventory.

On the supply side, coke enterprises produced stably, but the pace of shipments slowed down, with accumulating coke stocks across some enterprises.
On the demand side, the coke inventory of steel mills gradually increased to a reasonable level, hence some steel mills controlled the arrivals of coke. Coupled with the weak sales of steel products, steel mills mainly purchased coke on demand.