Coke Prices May Stand Stable With Some Downward Potentials This Week

SHANGHAI, Mar 28 (SMM) - On the supply side, coke companies were active in production in light of restored profits and low coke inventory. But the environmental protection-induced production restrictions have led to a decline in coke supply. On the demand side, most steel mills purchased coke on demand, and some steel mills controlled the arrival of goods amid high inventory. On the cost side, the prices of most coal types in Shanxi declined while those in Hebei and Shandong temporarily stabilised with downside potential in the near future. To sum up, the shipments of coke mines were suppressed by weak supply and demand. The coke prices may fall amid falling cost support.