[SMM Daily Coke & Coal Brief Review] 20250512
[SMM Daily Coke Market Briefing] In terms of supply, most enterprises are maintaining profits or operating at the break-even point, with their own coke inventories remaining at low levels. Therefore, their willingness to voluntarily cut production is relatively small, and coke supply is relatively sufficient in the short term. On the demand side, the outcome of the Sino-US tariff negotiations exceeded market expectations, stimulating downstream end-use demand. Additionally, steel mills' profitability remains moderate, with blast furnace pig iron production at a high level, creating a rigid demand for coke. As a result, steel mills' enthusiasm for purchasing has increased. In summary, the fundamental imbalance in the coke market is relatively small, and market confidence is high. This week, the coke market may operate steadily for the time being, with expectations of price reductions dissipating.
[Brief Review of Domestic Iron Ore Market: Iron Ore Concentrates Prices in Shandong May Rise Slightly] This week, the price of 64-grade alkaline iron ore concentrates (dry basis, pre-tax) from Shandong miners increased by 3 yuan, with the current quoted price at 844 yuan. Most miners are operating normally, but many report poor sales. Some miners have accumulated inventories of 10,000-20,000 mt, facing certain sales pressure. Steel mills are operating with low inventory levels, maintaining inventories for 3-5 days. Due to the relatively high cost-effectiveness of imported ore, their willingness to purchase domestic concentrates is generally low.
[SMM Daily Review: Ferrochrome Market Operates Steadily, Chrome Ore Prices Fluctuate but Remain Stagnant] On May 12, 2025, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,100-8,200 yuan/mt (50% metal content), unchanged from the previous trading day...