coke price from Chinese Market

On the 22nd, the coke market prices remained stable for the time being. Last week, mainstream coke enterprises raised coke prices for the second round, with an increase of 50-55 yuan/ton. The plan is to implement it at midnight on the 20th. Downstream steel mills have strong resistance, and the game between the two sides has intensified. The implementation time may be further delayed. In terms of the market, the production of coke enterprises has remained stable for the time being. However, due to the recent continuous rise in coke coal prices, most coke enterprises are on the brink of profit and loss, and their enthusiasm for production is average. Some enterprises have started maintenance, resulting in a slight decrease in output and relatively smooth shipments. The inventory in the factory area is almost non-existent. Downstream steel mills are currently experiencing a narrowing profit margin and are less willing to offer discounts to the raw material side. Most steel mills have indicated that their coke inventory is at a reasonable level, which makes them more resistant to this price increase. However, considering that the current production of molten iron is still at a high level and the demand for coke is strongly supported, there is still a great hope for the implementation of this price increase. It is expected that coke prices will remain stable and slightly strong. In the future, it is necessary to continue to pay attention to the trends of coking coal, steel prices, steel mills' profitability, and the impact of futures market trends on coke prices.