Coke spot price may be under pressure

  • Thursday, July 4, 2019
  • Source:ferro-alloys.com

  • Keywords:coke, spot, price, inventory, Shanxi, Tangshan
[Fellow]Both average daily production of molten iron and utilization of capacity of blast furnace have remained high since June.

[Ferro-Alloys.com] Both average daily production of molten iron and utilization of capacity of blast furnace have remained high since June. As a downstream sector of coke, highly-productive molten iron's high demand was an important factor in the increase of Coke Spot price in May and June. At present, the profit of coke enterprises in Shanxi province is around 100-200 RMB/ton, they are enthusiastic for production and the utilization of capacity will be high in the short run. But due to the blast furnaces will be limited in Tangshan City, the terminal purchase requirements will decrease, the traders will not purchase store goods in the short run, and this may make the coke enterprises shift their inventories to coking plants, which will weigh on the coke spot price.

  • [Editor:kangmingfei]

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