Coke: On July 15, the coke market was operating weakly, and the current round of increase has not yet fully landed. On the demand side, the daily coke consumption of a mainstream steel plant in Shandong has been greatly reduced, and some steel plants in Jiangsu have limited production of blast furnaces. Other steel plants have not been affected too much for the time being. However, due to the recent reduction of crude steel production expectations across the country, purchase on demand is the Lord. The situation of tight coke supply has recently changed, coke enterprises have increased their shipment pressure, and coke prices have fallen from high levels. In general, the current round of coke price cuts will be implemented, and there is still a risk of subsequent declines. The policy of reducing crude steel production and the policy of using steel to fix coke require continuous attention.
Scrap steel: On July 15, the average price of scrap steel in 45 major markets across the country was 3,252 yuan/ton, an increase of 7 yuan/ton from the previous trading day. The overall market for scrap steel resources is tight, and the delivery from steel mills is average, slightly lower than daily consumption. In-plant inventory continues to decline. In the short term, the strong price trend of finished products has boosted scrap steel, but in the case of frequent production restrictions, it is expected that scrap prices will not rise sharply, or continue to grow steadily.
