According to the price monitoring of SunSirs, on December 23, the price of primary metallurgical coke in Shanxi was 2,494 RMB/ ton and the price of secondary metallurgical coke was 2,438 RMB/ ton.
In terms of coking coal: near the end of the year, due to the impact of environmental protection inspection, the supply of coking coal may be tightened. Due to the impact of the Winter Olympic Games, the production of coal mines in the main producing area is limited, and the supply is expected to be reduced. In the near future, the downstream coke procurement is good and the demand support is strong.
In the spot market, the current price is still temporarily stable, the scope of raising continues to expand, the first round of price rise has not been implemented yet, and the game mentality of coke steel has intensified. In terms of downstream demand, the willingness of steel mills to replenish goods has increased, and there is a demand for winter storage. On the whole, coke enterprises have the upper hand, and it is expected that China coke market will remain stable, medium and strong in the short term.