The coke market maintains steady upward trend

Coking coal as a whole remained stable with good transactions. In spite of the current high external quotation, based on the existing inventory of our domestic ports and the purchasing power of the factory, the import coking coal market is likely to maintain stable operation in the short term, and the upside is relatively limited. The imported coal market is operating stably. The price of metallurgical coal and coal continues to rise, and the current performance of thermal coal is weak.

The coke market maintained a steady upward trend and the market transactions were good. It is understood that due to shortage of Sichuan coke coal resources, Sichuan coking plant operating rate is generally low, coke production is low, the downstream demand is good, the coke market is in short supply, coke prices showed upward trend. The scarcity of coking coal resources and the upward movement of coking coal prices all support the strengthening of the cost of post-coke.

The main contract of the even-focus continued to weaken in the afternoon, and the final price of 1729 rose 0.82%. The market will enter a sharp correction or will begin, and the outflow of funds will be apparent. The market correction may start gradually and bearish in the short-term, and remain optimistic in the medium term.