SunSirs: The Coke Market is Weak and Prices are Falling

https://www.chemnet.com   Aug 15,2024

Price trend

According to the commodity market analysis system of SunSirs, From August 6 to August 13, 2024, the coke market in Shanxi Province is temporarily stable. As of August 13, the ex-factory price of quasi-first-class metallurgical coke is 1,835 RMB/ton, and the price has fallen by 3.76% compared with the same period last week.

Market analysis

The overall coke price shows a weak trend, and the price has fallen compared with the same period last week. At present, the downstream demand is weak, the overall market is sluggish, and the shipment is not as expected. The overall market is in a wait-and-see atmosphere, the downstream demand is weak, and the third round of spot price increases and decreases of coke has landed. The gap between supply and demand of coke has converged significantly and has begun to ease.

Market outlook

The coke analyst of Sino-Trade believes that coke may continue to increase and decrease, and it is mainly weak.

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