Jan. 21, 2025: Coke Latest News
Jan 21, 2025
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Jan. 21, 2025: Coke Latest News: Yesterday, the coke plate fell, the closing price of the coke 2505 contract was 1748CNY/ ton, which was 50CNY/ ton lower than the closing price of the previous trading day, down 2.78%, and the position increased 607 lots. In terms of spot, the price of port coke spot market fell, and the spot price of Rizhao Port quasi-first class metallurgical coke 1550CNY/ ton, down 20CNY/ ton from the previous period. On the supply side, the mainstream steel mills in East China and North China reduced the coke purchase price by 50-55CNY/ ton, the seventh round of coke reduction was fully landed, and the continuous drop was 350-385CNY/ ton, and the profit of coke enterprises was maintained near break-even, coke production was relatively stable, coke shipments were not smooth, and the inventory pressure of coke enterprises was maintained. At the demand end, the downstream steel mills have slowed down the pace of coke procurement, the terminal demand performance continues to be weak, the steel mill prices have fallen, the steel blast furnace production reduction is extended during the winter break, the demand for coke is weak, and the current lack of strong demand expectations is expected to run the coke plate in the short term. Jan. 21, 2025: Coke Latest News
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