Tuesday, January 5, 2010

Shanxi Coke Hikes Coke Guidance Price

Affected by the increase in steel products and the coking coal price, at the beginning of 2010, the Shanxi Coking Association has adjusted the coke guidance price. On January 4, reporters learned that coke price including tax for January is 1,850 yuan per ton, up by 100 yuan per ton than December, 2009.

Reporters learned that in December, Shanxi Shandong Coking Association raised the coke guidance price by 50 yuan per ton, reaching 1,750 yuan per ton.

An expert pointed out that if the coke price is lifted once more, the growth rate has reached 100 yuan per ton, which means that insiders are optimistic about the future of the steel industry.

Reporters learned that domestic steel price index this week will rise slightly, up by 1.5%.

It is said that currently steel mills' coke stockpiles are not high. The demand from the market is strong, coking enterprises are operating with full capacity, and they are not holding much inventory with smooth deliveries.

Source: Alibaba

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