The weak trend of the double focus market may continue to decline in the future

The coke market is in weak and stable operation, and the second round of lifting and lowering is 50 CNY/ton. In some areas of Shanxi Province, there are severe pollution weather warnings, and the operating rate of coke enterprises has declined slightly. At present, coke enterprises are mainly shipping, and the overall inventory level is not high. Downstream steel plants continue to maintain the status of on-demand procurement, with relatively stable demand; port traders often suspend quotation, weak transaction, and low willingness to gather port. In the case of relatively stable market supply, it is difficult to increase the demand for coke procurement, and the price of coke mostly maintains weak and stable operation. The coking coal market is weak, and the monthly prices of large mines in Linfen, Luliang and Jinzhong are down, with the maximum reduction of raw coal of 50-60 CNY/ton. The profit of coking enterprises is seriously compressed, the purchasing intention of coking coal is relatively low, the shipping situation in the mine is general, and the short-term demand is difficult to increase. Coking coal prices are likely to decline further.