Coke starts the ninth round of price increases to be implemented from 0:00 on June 26th.

Today, the price of coke is running stronger. The mainstream coke companies have initiated the ninth round of price increases, with wet quenched coke increasing by 50 yuan per ton and dry quenched coke increasing by 55 yuan per ton, effective from 0:00 on June 26. Low-sulfur high-quality coking coal is still in short supply, leading to high production costs for coke companies. On the steel mill side, the current profit margin is about 55.84%, although it has decreased compared to the previous period, it has not yet triggered the possibility of widespread production cuts; moreover, influenced by the rising price of coking coal, some coke companies have gradually reduced production leading to a decrease in the purchase of high-quality main coking coal and lean coal, causing a tight supply of coke and a decrease in coke stocks in some steel mills. Purchase demand is high, and in the short term, coke prices are expected to remain strong.