From November 4, 2022 to November 11, 2022, the coke market price will decline. As of November 11, the price of quasi primary metallurgical coke in Shanxi Province will be 2,300 RMB/ ton, down 8%.

Supply: The price of coking coal is weak last week, and the overall output of coking coal in the coal mines of origin is affected to some extent due to transportation, epidemic situation and safety. In addition, under the influence of public events, the shipment of the enterprise has been average recently, and the inventory in the factory has been accumulated. The downstream coke market is weak, and the overall profit is low in the near future, and the steel plant maintains the demand for purchase. Recently, the demand for coke is general, and because of the decline in steel prices, the steel mills still have the intention to suppress coke. Coke is mainly purchased on demand. In general, the price of coking coal is weak, and the downstream market demand is specific.

The overall coke market is weak last week. Coke enterprises have made two consecutive downward adjustments. Up to now, they have made three cumulative downward adjustments, with a cumulative decrease of 300-330 RMB/ ton. In terms of coking enterprises, after three rounds of raising and lowering, the profits of coking enterprises have been damaged. At present, the production limit has been maintained, and the shipment has a slight impact. Some enterprises have slightly increased inventory, and 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.

Last week, the coke price of ports in Shandong continued to decline, and the quasi primary ex warehouse price of ports fell from 2,630-2,650 RMB/ ton on November 4 to 2,530-2,550 RMB/ ton on November 11, down by 100 RMB/ ton. The overall port inventory continued to decline, including a decline of 40,000 tons in Rizhao and a rise of 30,000 tons in Qingdao. The overall market atmosphere was low, the market was on the sidelines, and the port's intention to collect freight rose.

Last week, the port freight rose significantly. The port's mentality has improved recently. The overall inventory has not changed much. The enthusiasm of traders to gather at the port has slightly recovered, driving the freight price up.

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