Coking Coal and Coke Market Review and Forecast (May 25)

SHANGHAI, May 25 (SMM) – Coking coal: Coal mines maintain stable production. Coking coal stocks have declined to varying degrees. Stocks of some high-quality coal are at low levels, thus its quotations were hiked slightly. Other mines kept their offers unchanged.

Coke: Most coking plants still have profits and maintain stable production. Coke stocks fell sharply amid smooth shipments. Steel mills accelerated production resumption, but still tried to push for lower coke prices as steel prices have fallen recently. Restocking by steel mills is about to end, and steel market is bearish, which may weigh on coke prices.