News summary

castlecrash| In the fifth round, coke companies raised coke by 100-110 yuan/ton: the demand side has steadily rebounded, and cost support has become stronger

Newsletter text

[Coke prices are stable and strong, and demand from steel mills continues to grow]

The coke market ushered in the fifth round of gainscastlecrash, the increase remained at 100-110 yuan/ton. On the demand side, with the steady growth of molten iron output in steel mills, supplementary demand for coke still exists. On the supply side, despite the increase in profits of coke companies, the increase in operating rates, and the increase in supply, the coke inventories of coke companies are still at a low level. On the cost side, the increase in the prices of some blended coal types has formed a strong cost support for coke prices. The market expects that coke prices will continue to maintain a stable and strong operating trend in the short term.