June - July Metallurgical Coke Price Trend Forecast & Analysis (for reference only)
Price Trend: Initially stable, then weakening. Expect high - level fluctuations with a slight decline; no major price surges or crashes.
Demand Side: June - July is the traditional off - season. High temperatures and the rainy season curtail construction activity. Although steel mills keep pig iron prices high, demand weakens, thus slowing coke purchases.
Cost Side: Coking coal prices started weakening in mid - late May. By June, costs have shifted downward, creating room for coke price cuts. Yet, costs have a bottom limit, preventing a sharp price plunge.
Supply Side: Ample capacity and rising inventories. Coke plants operate at high rates, ensuring abundant supply. After steel mills complete restocking, upward price pressure is insufficient.
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