Jun. 9, 2025: Coke Latest News(2232, -47.00, -2.06%) :
Yesterday, the coke market declined. As of the end of the trading day, the closing price of the coke 2509 contract was 1,339 CNY/ ton, down 11.5CNY/ ton from the previous trading day's closing price, a decline of 0.85%. The open interest increased by 393 lots. In terms of spot prices, the spot market quotations for port coke remained stable. The spot price of quasi-first-grade metallurgical coke at Rizhao Port was 1,170 CNY per ton, unchanged from the previous period. On the supply side, after the third round of coke price hikes and reductions, the production losses of coke enterprises have intensified. Some loss-making coke enterprises have slightly reduced production. Affected by the weak purchasing enthusiasm of downstream, there is an accumulation of coke inventory within the coke enterprises' factories. On the demand side, after the third round of price cuts, the profit margins of coke enterprises have deteriorated. Some coking enterprises have slightly reduced production, while most others have maintained normal production. The purchasing enthusiasm of downstream steel mills is relatively weak, and the shipment situation of coke enterprises is average. It is expected that the coke market will fluctuate in the short term.