Coke Prices may Remain Stable This Week

SHANGHAI, Mar 21 (SMM) - On the supply side, the narrowed losses and low inventory encouraged coke company to produce, and thus the supply of coke increased. On the demand side, rising pig iron output led to improving coke demand from steel mills. On the cost side, coal mines in Inner Mongolia resumed production, and online auction prices were significantly lowered. But the prices of most coal types remained firm, and are expected to continue to fall. In summary, coke prices may operate stably this week amid balanced coke supply-demand structure and the expectations for falling costs.