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Home > News > Valuable News > Short-term coke futures may continue to be strong

Short-term coke futures may continue to be strong

ECHEMI 2019-06-03

Short-term-coke-futures-may-continue-to-be-strong

Coke spot market is running strongly. The third round of increase of 100 CNY/ton has fallen to the ground one after another. Steel mills start to maintain high demand. Coke enterprises have smooth shipment, good sales orders and optimistic mentality. More coke stocks in ports lead to tighter purchases in steel mills, and higher quotations in ports lead to more active inquiries. It is expected that the short-term coke futures price will continue to be strong.

technically, J1909 contract, a slight pullback overnight, MACD red kinetic energy column has little change. Operationally, it is recommended to buy near 2250, stop loss reference 2220.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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