According to the commodity market analysis system of SunSirs, the coke market in Shanxi region remained stable from March 1 to March 8, 2024. As of March 8, the ex factory price of quasi first-class metallurgical coke was 2,023.33 RMB/ton, which is currently stable.

In terms of supply, the coking coal market is operating weakly. Recently, due to the impact of meetings, most mining areas have increased their safety inspections. The supply of coking coal in the market has been tight recently, and as prices have declined, downstream purchases have begun to enter the market. Some transactions have been made, but the market atmosphere is still weak. Online bidding performance is average, and bearish sentiment in the future is still strong.

The coke market is operating weakly, and after the implementation of the fourth round of price cuts, coking enterprises have increased their production restrictions. Although the recent decline in coking coal prices has somewhat restored profits for coking enterprises, most coking enterprises still suffer losses and the production restrictions are still significant. In terms of demand, downstream steel consumption remains weak, and terminal transactions are relatively weak. In the future, coke enterprises and steel mills are all losing money. Currently, coke enterprises have a strong game mentality and collectively raise prices. It is expected that the coke market will operate steadily, moderately, and weakly in the short term. In the future, the focus will be on the inventory situation of coke in various links and the profit of coke steel.

The coke market in Shandong ports is currently operating steadily, with a quasi first level outbound price of around 2,130-2,180 RMB/ton and a first level outbound price of 2,230-2,280 RMB/ton. The spot market in ports is currently operating steadily, with a weak market atmosphere and weak trading atmosphere, resulting in limited market transactions.

The market sentiment towards rising freight prices is positive, while the market sentiment towards falling freight prices is weak. Last week, the port inventory was relatively stable, and the overall negotiation atmosphere at the port has been weak recently. The enthusiasm of traders to gather at the port has been low, and the overall port freight prices have declined.

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