Mysteel Coking Coal: Port spot coke market remains stable for now

March 6 Mysteel coking coal: The spot market for port coke is temporarily stable. In the domestic spot market, trading activity is average. The number of cargoes collected at both ports fluctuated but held steady versus the previous working day, and the total inventories at both ports held steady versus the previous working day. Rizhao Port is flat at 46; Qingdao Port is flat at 71.5. Total inventory is 117.5, up 2.5 from last week. The next trend needs to be monitored for how factors such as downstream steel mill profit levels, changes on the coking coal cost side, and sentiment in the futures market affect port coke. Current port coke prices by type are as follows: Trade spot cash delivery: Grade A (wet quenched) coke spot 1470 RMB/ton (-); Grade A (dry quenched) coke spot 1670 RMB/ton (-); Grade 1 (wet quenched) coke spot 1570 RMB/ton (-); coke breeze spot 1200 RMB/ton (-); coke fines spot 970 RMB/ton (-). Factory acceptance bill settlement for closing positions: Grade 2 (wet quenched) coke 1420 RMB/ton (-); Grade A (wet quenched) coke 1520 RMB/ton (-); Grade A (dry quenched) coke 1725 RMB/ton (-); Grade 1 (wet quenched) coke 1620 RMB/ton (-); Grade 1 (dry quenched) coke 1940 RMB/ton (-). Export FOB: CSR62 Grade 1 coke 228 USD/ton (-); CSR65 Grade 1 coke 238 USD/ton (-); 10-30mm coke breeze 187 USD/ton (-); 0-10mm coke fines 145 USD/ton (-). (My Steel Network)