Overall Coke Inventory of Coke Company Remains Low

SHANGHAI, Mar 22 (SMM) - Coking coal market: Coal mines maintained normal production and the supply of coking coal continued to increase while downstream purchased as needed. As such, the inventory of some specifications increased. Coupled with increasing failed online auctions, prices of some coal types continued to decline.

Coke market: On the supply side, coke companies became more willing to produce amid the falling costs. But downstream demand did not recover, slowing down the coke companies’ shipments.

On the demand side, some steel mills controlled the arrival of coke.

On the whole, the futures market of coke weakened and the downstream enterprises were cautious in purchasing. But the low coke inventory of coke company is expected to stabilise the coke prices in the short term.