Sxcoal Met Coke Daily Survey (Oct 18)

All 20 Sxcoal-surveyed coking plants remained prices stable. Market sentiment clearly weakened as government failed to release more details of economic stimulus. As middlemen accelerated sales, more coke was delivered to steel mills and coke stocks swiftly increased. Several has requested for reduced shipments. As steel-making profits contracted, mills have the plan to cut coke price. Coke prices are expected to drop in the near term amid loosened fundamentals and weaker cost supports.

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