According to the commodity market analysis system of SunSirs, the coke market temporarily stabilized in October 2023, and as of the time of publication, the price of quasi first-class metallurgical coke in Shanxi region was at 2,196.67 RMB/ton, stable.

In terms of supply: The coking coal market saw an upward trend in prices in the first half of October, and has temporarily stabilized at high levels since mid October. Recently, the production in the mining area has been relatively normal, and the coal mines that were previously shut down have basically resumed work. However, with the decline in downstream purchasing, the mentality of the mining area has weakened. In terms of demand, coking enterprises have slowed down their pace of restocking due to the impact of profits, and there has been an increase in online auctions recently. The market mentality has weakened, and traders have a strong wait-and-see attitude.

According to the commodity market analysis system of SunSirs, the coke market temporarily stabilized in October 2023, and as of the time of publication, the price of quasi first-class metallurgical coke in Shanxi region was at 2,196.67 RMB/ton, which remained unchanged. In the first week after the National Day holiday, under the boost of high raw material coking coal prices, the third round of increase of 100-110 RMB/ton was launched. However, downstream finished product sales were not good, and steel plant operations slightly declined. Some enterprises may have maintenance plans, and only needed to replenish the stock of coke. Jiao Gang has a heavy mentality in the game, making it difficult for the three rounds of price increases to land after nearly half a month of gaming. In the later stage, as the price of coking coal entered a stable operation, the mentality of coking enterprises gradually weakened. At the end of October, the overall operation of the coke market is currently weak. In terms of supply, coke companies have been operating steadily recently, with a slight decline in operating rates compared to the beginning of the month. The supply of coke is relatively stable. In terms of demand, the daily production of downstream molten iron has been relatively stable recently, with some steel prices slightly recovering. Steel mills have slightly recovered their profits, but there are still some losses. The inventory of coke in steel mills is generally high, and the principle of replenishing the stock on demand for coke is maintained. Overall, the overall operation of the coke market is weak, and the mentality of coke companies is weak. The market's future expectations are generally weak, and it is expected to remain weak in the short term. In the future, it is necessary to focus on the inventory situation of coke in various links, as well as the price trend of coking coal and finished products.

The price of coke in the Shandong port market has risen, with the quasi first level ex-warehouse price at around 2,260-2,320 RMB/ton and the first level ex-warehouse price at 2,360-2,420 RMB/ton. The port market is operating stronger, and the inventory of the two ports has slightly decreased, resulting in a strong wait-and-see sentiment in the market.

Freight is a barometer that reflects the mindset of the port market. When the port procurement mindset is positive, freight increases. Port mentality is wait-and-see, and freight prices decline when purchasing intentions are low. This month, the port freight prices first fell, then rose and then fell, and the sentiment of port consolidation was biased towards wait-and-see.

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