SunSirs: China Coke Market Price Experienced a Narrow Decline in April

According to the Commodity Market Analysis System of SunSirs, the coke market in Shanxi Province operated steadily on April 30th, with an average price of 1,578.33 RMB/ton. Overall, the domestic coke market is currently operating in a narrow and weak range in April.

In terms of price, the coke market in April showed a stalemate game feature. At the beginning of the month, enterprises raised prices, but were strongly resisted by steel mills and failed to land. Downstream steel mills' profits contracted, demand was weak, and steel mills increased their pressure on raw material prices. The upstream cost support was insufficient, and downstream steel mills continued to be weak. On April 30th, the metallurgical coke prices in the Tianjin Port market were temporarily stable. The port's quasi first grade coke prices are currently 1,440 RMB/ton, and the first grade coke prices are 1,540 RMB/ton, both of which are closing acceptance prices. On April 30th, the coke prices in the Binzhou market were temporarily stable. The local quasi first grade A13 dry quenching prices are 1,570-1,590 RMB/ton, and the second grade wet quenching prices are 1,260 RMB/ton, both of which are factory inclusive prices.

SunSirs coke analyst believes that the coke market is expected to experience weak fluctuations in the short term, and attention should be paid to the progress of steel mills' profit recovery.

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