Latest Update in the China Coke Market

SHANGHAI, Aug 10 (SMM) – Mainstream steel mills in Hebei and Shandong accepted 200-240 yuan/mt increase in coke purchase prices, and shipments of coking plants were smooth.

In conclusion, the demand is growing slowly as steel mills resume the production, and the overseas shipments have declined. It is expected that iron ore prices are likely to rise in the short term.

DCE iron ore was was shocked sharply all the day.The main contract closed at 723,decreased of 1.36%. Traders are generally motivated to ship, Speculative demand increases.

The most-traded stainless steel futures has fallen for two consecutive days after fluctuating sideways for quite some time. It once fell by more than 3% in the day session today, and finally closed the day with a loss of 2.84%.

The European ban on Russian coal in August may bring about a global coal trade gap of about 3%, making it more difficult for China to import coal.

According to data from the General Administration of Customs, in July 2022, China exported 6.671 million mt of steel, a drop of 886,000 mt from the previous month, and a year-on-year increase of 17.7%; the cumulative exports from January to July were 40.073 million mt, a year-on-year decrease of 6.9%.

DCE iron ore was was shocked and keep downward all the day.The main contract closed at 737.5,,increased of 4.31%. Traders are generally motivated to ship, Speculative demand increases.

The General Administration of Customs announced on August 7 that in the first seven months of this year, the total value of China's foreign trade imports and exports was 23.6 trillion yuan, a year-on-year increase of 10.4%.