According to the commodity market analysis system of SunSirs, from November 10 to November 17, 2023, the coke market in Shanxi region was temporarily stable in operation. On November 10, the ex factory price of quasi first-class metallurgical coke was 2,125 RMB/ton, which was temporarily stable.

In terms of supply: The coking coal market has continued to operate strongly in the near future, with some production restrictions in the mining area. The overall operating rate has slightly decreased, and supply has been tightened compared to the previous period. Currently, the mining area is actively shipping, with low inventory on site and good sales. The overall market atmosphere is relatively strong.

Last week, the atmosphere in the coke market was relatively strong. As of the first round of increase, some regions have already landed. Starting from 0:00 on the 18th, some regions in Hebei have raised the prices of wet quenched coke by 100 RMB/ton and dry quenched coke by 110 RMB/ton. It is expected that other regions will follow suit one after another, and the first round of increase will gradually land in the next two days. On the supply side, the price of coking coal has risen, and the mentality of coking enterprises has strengthened. The operating rate fluctuates within a narrow range, around 75%. In terms of demand, with the recent strengthening of market atmosphere, downstream trade has actively entered the market for inquiries, and some inventory has been circulated to the trading market. Under the boost of winter storage demand from steel mills, enterprises are actively replenishing their inventory. Overall, the first round of increase in the coke market is gradually landing, and the market atmosphere is relatively strong. Under the tight supply boost, it is expected that the market will continue to be mainly strong in the short term.

The coke market in Shandong Port has slightly increased, with the quasi first level ex-warehouse price of around 2,380-2,450 RMB/ton and the first level ex-warehouse price of 2,480-2,550 RMB/ton. The port market price has slightly increased, and the intention to collect the port is acceptable. The inventory of the two ports has fluctuated slightly, and the actual transaction is average.

Freight prices are a barometer of port mentality, with a positive market attitude towards upward freight prices and a weak market attitude towards downward freight prices. Last week, the overall inventory of the port decreased slightly, and the enthusiasm of traders to gather at the port improved, resulting in a slight decrease in freight prices.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.