The price of coke in Inner Mongolia fell by 50%

Affected by the fact that some steel mills in Shandong and Hebei notified suppliers of a 50 CNY/ton reduction in the purchase price of coke yesterday, the price of coke in Inner Mongolia fell by 50 yuan today, with Baotou zhun-1570; Wuhai zhun-1510, and secondary s0.8 metallurgical coke sales reported 1450, and delivered directly to downstream users at the factory settlement price of 1380-1400. All are acceptance price including tax. The market sentiment is general and the transaction is light. In the downstream steel plants, the coke inventory is high, most of them maintain on-demand purchasing status, some steel plants still have inventory control behavior, and the coke enterprise inventory begins to accumulate a little. Coke enterprises suffer from the high cost of coking coal procurement and the double-sided pressure of coke falling price. Most of the profits of coking plants have been close to the profit and loss line, and most of the coke enterprises take different proportion to reduce production. In the short term, the price of coke in Inner Mongolia is weak.