According to the price monitoring of business agency, the price of primary metallurgical coke in Shanxi was 3502 yuan / ton on May 18, unchanged from the day before yesterday.
Coking coal prices are weak. In terms of origin, most coal mines maintain normal production, but the downstream wait-and-see mood is strong, the enthusiasm for procurement is reduced, and some coal shipments are under pressure; In terms of downstream coke prices, the profits of coke enterprises continue to tighten, the pace of raw coal procurement slows down, market pessimism lingers, and most of them purchase on demand. Generally speaking, the price may be weak, and the consolidation and operation is mainly based on the downstream market demand.
The coke market is running stably for the time being today, and the third round of lifting and lowering has been implemented in some areas. At present, the profits of coking enterprises are OK, the construction is active, and the enterprises are actively shipping. The recent profits of downstream steel mills are low, and they still have the mentality of keeping down the price of raw coke. At present, they maintain replenishment on demand. On the whole, the coke supply is loose, the downstream demand is suspended, and the market confidence is declining. It is expected that the coke market will remain stable and weak in the near future. In the follow-up, we will focus on the operating rate of the transportation steel plant and the coke inventory in all links.
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