News summary
May 24beamngcrash, Shanxi coke market prices fell by 5%beamngcrash.01% to 1960 yuan/ton. Supply-side costs have dropped, operating rates have stabilized and increased, profits of demand-side steel mills have recovered, and demand for coke has stabilized. The market expects coke prices to be stable in the short term.
Newsletter text
[The first round of price cuts in Shanxi coke market has been completed, and ex-factory prices have been significantly lowered]
From May 17 to May 24, the first round of price cuts in the Shanxi coke market has come to a successful conclusion. As of May 24, the ex-factory price of quasi-first grade metallurgical coke fell by 5%beamngcrash.01%, and the quoted price is 1960 yuan/ton. The cumulative price reduction in this round of price cuts is between 100 and 110 yuan/ton.
On the supply side, the decline in coking coal prices has drivenbeamngcrashThe cost of charging coking enterprises has dropped. Although the price reduction of coke has reduced the company's profit margin, the operating rate of coke also showed a slight increase this week. The overall supply of coke remained stable. At the same time, the recovery of the futures market and the improvement of market sentiment have enhanced coke companies 'confidence in the future market.
From a demand perspective, the recent slight rise in the steel market has provided support for the recovery of steel mills 'profits. The operating rate of steel mills showed a stable and slightly increased trend, and the demand for coke remained stable. Steel mills mainly replenished warehouses on demand.
In terms of market prospects, market performance has shown stability. It is expected that there is limited room for further decline in coke prices, and coke prices will remain stable in the short term.