According to the Commodity Market Analysis System of Shengyi Society, the coke market in Shanxi Province operated steadily on April 30th, with an average price of 1578.33 yuan/ton. Overall, the domestic coke market is currently operating in a narrow and weak range in April.
2、 Market analysis
In terms of price, the coke market in April showed a stalemate game feature. At the beginning of the month, enterprises raised prices, but were strongly resisted by steel mills and failed to land. Downstream steel mills’ profits contracted, demand was weak, and steel mills increased their pressure on raw material prices. The upstream cost support was insufficient, and downstream steel mills continued to be weak. On April 30th, the metallurgical coke prices in the Tianjin Port market were temporarily stable. The port’s quasi first grade coke prices are currently 1440 yuan/ton, and the first grade coke prices are 1540 yuan/ton, both of which are closing acceptance prices. On April 30th, the coke prices in the Binzhou market were temporarily stable. The local quasi first grade A13 dry quenching prices are 1570-1590 yuan/ton, and the second grade wet quenching prices are 1260 yuan/ton, both of which are factory prices including tax.
3、 Future forecast
Business Society’s coke analyst believes that the coke market is expected to experience weak fluctuations in the short term, and attention should be paid to the progress of steel mills’ profit recovery.
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