Even though the domestic coke prices are flat at present, deals in the market are still few and far between. Accordingly, owing to desolate transaction deals in the market, the prices in southwest China have emerged a downward trend.
For instance, the prices for coking coal in Yunnan Qujing and Chongqing have dipped by 75 yuan/t and 30-40 yuan/t respectively. Therefore, the current weak coking coal market trend is certainly unfavorable to the coke prices in the short run.
Experts said that the domestic coke price will keep robust in the long run given to the domestic coke demand will be instigated notably by the rising steel demand from multiple infrastructure construction projects