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Mysteel Coking Coal: Port spot coke market remains stable for now
Feb 28 Mysteel coking coal: The spot market for port coke is temporarily stable. Trading sentiment in the domestic (inland) spot market is average. The number of cars/barges loaded at both major ports has increased slightly compared with the previous working day, and total inventories at both ports have also increased slightly compared with the previous working day. Rizhao Port 45 flat, Qingdao Port 70.3 flat up 0.3; total inventory is 115.3, down 3.5 from last week. For the subsequent trend, it is necessary to watch how downstream steel mills’ profit levels, changes in coking coal costs, and sentiment in the futures market affect port coke. Current port coke prices by product are as follows: Trade cash settlement, ex-warehouse: Grade A (wet quenched) coke spot 1470 yuan/ton (-); Grade A (dry quenched) coke spot 1680 yuan/ton (-); First grade (wet quenched) coke spot 1570 yuan/ton (-); coke breeze spot 1190 yuan/ton (-); coke fines spot 980 yuan/ton (-). Factory bank acceptance, closing: Grade B (wet quenched) coke 1420 yuan/ton (-); Grade A (wet quenched) coke 1520 yuan/ton (-); Grade A (dry quenched) coke 1725 yuan/ton (-); First grade (wet quenched) coke 1620 yuan/ton (-); First grade (dry quenched) coke 1940 yuan/ton (-). Export FOB: CSR62 first-grade coke 228 USD/ton (-); CSR65 first-grade coke 238 USD/ton (-); 10-30mm coke breeze 190 USD/ton (-); 0-10mm coke fines 145 USD/ton (-). (My Steel Net)