Shanxi foundry coke late in the price downward pressure

Recently, the transaction status of the Shanxi Coking Coke market is generally normal. The current inventory of the manufacturers is under upward pressure. The price is currently stable for the time being, but the downward pressure on the later period is greater. Firstly, due to the fact that the coking coal group may cut the coking coal guidance price next month, affected by this, the coking coal market will be in a weak downward trend in the short term, making the coke price count to cost support. Second, because this year the country's “iron hand” means to eliminate backward, energy-saving emission reduction guidelines, casting companies are facing a period of structural adjustment, industrial upgrading, the next half of the merger and reorganization of casting companies, backward production capacity eliminated Will imperative. The decrease in the number of foundry manufacturers will cause the consumption demand of foundry coke to decline slowly in the later period. Therefore, the late-stage foundry coke market will be subject to a weak downward trend due to the dual factors of cost and demand, and the downward pressure on prices will be greater.

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