Coke prices may be stable-to-strong this week

Core point of view: Coking plants’ enthusiasm for production increased slightly last week. On the demand side, few raw material arrivals and large daily coke consumption made steel mills’ coke inventory falling, bringing with it replenishing demand from most of steel mills. In a word, tight supply, replenishing demand from steel mills and firm costs will offer a boost to coke market. In addition, the fourth round of coke price hike may be monitored. Under this circumstance, coke prices may be stable-to-strong this week.