On October 29, price of standard I grade metallurgical coke quoted by traders rose by 30 yuan to 2100-2130 yuan/t (in cash, picked up by buyers), basically no shipment at a low price. Inventory at ports reached a record low since 2019, which led to less tradable resources.

Currently, some traders take a wait-and-see attitude given high price at ports and they have no intention to transport coke on ports if no orders.

FOT price of standard I grade metallurgical coke was 2170-2190 yuan/t (bank acceptance); that of I grade metallurgical coke (CSR65) was 2290 yuan/t.

Link: Market price of Lianyungang Port Metcoke on Oct 29,20

Link: Market price of Jingtang Port Metcoke on Oct 29,20