Latest situation in local Chinese coke market

Although coking plants and traders in the provinces of Hebei and Shanxi have tried to increase their coke prices, steelmakers have resisted such attempts and prices have remained stable. Meanwhile, the rising trends of prices of semi-finished steel and iron ore have come to a halt and even some slight declines have been observed, thereby exerting some downward pressure on coke prices. Meanwhile, there is a lack of confidence on the future prospects for the steel market, negatively affecting sentiment in the coke market. It is expected that coke prices in the Chinese domestic market will likely continue their stable trend in the coming week.