SunSirs: China Coke Market is Sluggish and mainly Weak and Stable

https://www.chemnet.com   Nov 28,2024 SunSirs

According to the Commodity Market Analysis System of SunSirs, on November 27, 2024, the coke market in Shanxi Province experienced a narrow decline, with an average price of 1,725 RMB/ton. The price of metallurgical coke in Shanxi Province also declined, with an average price of 1,900 RMB/ton. On the 27th, domestic coke enterprises were operating weakly, and market sentiment remained pessimistic. The operating rate of supply side coke enterprises slightly declined, with manufacturers mainly offering discounts and taking orders.

In terms of market, this week, the coke market has mainly operated weakly, with a cold overall trading atmosphere and pessimistic market sentiment. Some coke powder enterprises outside Xinjiang have lowered their prices, and the operating rate of coke supply enterprises has decreased. Manufacturers mainly offer discounts and take orders, with high shipping enthusiasm. A small number of enterprises have accumulated inventory, and inventory pressure still exists. Currently, the overall market supply of spot goods is sufficient, the supply side is loose, and the price of chemical coke in the domestic market is running weakly.

In terms of price, the bulk chemical coke in the Ningxia market is priced at 1,430-1,450 RMB/ton; The price of bulk chemical coke in the Inner Mongolia market ranges from 1,380 to 1,445 RMB/ton; The price of wet quenched chemical coke in the Xinjiang market is reported at 1,030-1,050 RMB/ton, while the price of coke in the Binzhou market is temporarily stable. Currently, the local quasi first level A13 dry quenched coke is reported at 1,955-1,975 RMB/ton, and the second level wet quenched coke is reported at 1,610 RMB/ton, both of which are ex factory prices including taxes. The price of metallurgical coke in the Tongling market is temporarily stable, and the monthly price including taxes for the first level dry quenched coke port is quoted at 1,950 RMB/ton.

The coke analyst of SunSirs believes that the current coke market sentiment is sluggish, the market is running weakly, the upward momentum is insufficient, and the mentality of industry players is pessimistic. It is expected that the coke market will maintain its current trend in the short term and operate weakly in a narrow range.

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