According to the price monitoring of SunSirs, the price of quasi first grade metallurgical coke in Shanxi Province on November 9 was 2,400 RMB/ ton, unchanged from the previous trading day.

The coking coal market is dominated by weak operation. Downstream coking enterprises have low purchasing enthusiasm. Recently, the online auction price is low, dragging down the market mentality. The coking coal price is under pressure, and the mining area has some inventory pressure in the near future.

The coke market price is temporarily stable, and the overall atmosphere is weak. Up to now, it has accumulated two rounds of lifting and landing, with a cumulative drop of 200-220 RMB/ ton. After two rounds of increase and decrease, the profits of coking enterprises have been damaged. At present, the current production limit is maintained, and some enterprises have slightly increased their inventory on the market. The mentality of coking enterprises is generally low. As the price of finished products continues to decline in the downstream steel plants in the near future, the steel plants are under great pressure. Under the influence of profits, the coke procurement has slowed down, the maintenance of blast furnaces has increased, and the demand for coke has declined. In the future market, the overall industrial chain is lower, the game mentality of coke steel is strong, and the coke price is expected to be weak when the demand is not significantly improved. The future market focuses on coke inventory, coke coal price trend and finished product sales in all links.

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