Coke market weakness consolidation

Business Club July 7 News last week, the domestic coke market weakness consolidation, manufacturers around the poor sales. However, due to the limited production of most manufacturers, inventory pressure is relatively small. The steel market is still showing a downward trend in the near term. The demand for coke is sluggish. Market participants have a bearish sentiment towards the late coke market. The current transaction in Shanxi market is generally in the atmosphere. The mainstream ex-factory price for secondary metallurgical coke is between RMB 1,750 and 1,800 (t price, the same below); the mainstream transaction price in the Hebei market is stable at 1850 to 1900 yuan; the ex-factory price in Shandong market is between 1900 and 1980 yuan. The transaction atmosphere was relatively stable; the mainstream price in the Henan market was between 1850 and 1900 yuan.

Affected by the downturn in the downstream market, it is expected that the domestic coke market will continue to maintain a weak consolidation trend in the short term, and prices may continue to decline slightly.