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Port coke spot market remains stable for now

K-LinePoet
The port coking coal spot market is operating steadily for the time being. The domestic spot market sees average trading activity; the quantity of cargoes collected by the two ports is slightly down versus the previous working day, while the total inventories at the two ports remain stable versus the previous working day. Rizhao Port is at 48 level; Qingdao Port is at 85 level; total inventory of 133 is up 2.5 compared with last week. The subsequent trend depends on how downstream steel mills’ profit levels, changes in coking coal costs, and sentiment in the futures market affect port coking coal. (My Steel)
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