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SunSirs: The Seventh Round of Coke Rise to Open the Year to Recover the Decline
May 19 2021 08:54:24SunSirs(HU)

Summary of domestic coke market price (unit: RMB / ton)

Region

Specifications

May 13 price

Up or down from the same time last month

Shanghai Area

Secondary metallurgical coke

2680

+400

Quasi-level metallurgical coke

2740

+400

Xuzhou Area

Secondary metallurgical coke

2650

+400

Quasi-level metallurgical coke

2700

+400

Weifang Area

Secondary metallurgical coke

2600

+610

Quasi-level metallurgical coke

2650

+610

Taiyuan Area

Secondary metallurgical coke

2590

+600

Quasi-level metallurgical coke

2640

+600

Jinzhong Area

Secondary metallurgical coke

2350

+500

Quasi-level metallurgical coke

2410

+500

Tangshan Area

Secondary metallurgical coke

2580

+600

Quasi-level metallurgical coke

2630

+600

Shenyang Area

Secondary metallurgical coke

2460

+600

Quasi-level metallurgical coke

2520

+600

The fourth round of coke fluctuations in the May Day holiday, the fifth round and the sixth round of rises were opened immediately after the festival, and the rapid landing. Up to the date of publication, it has landed 6 rounds in total, with a cumulative increase of 600-720 RMB/ton. According to the SunSirs price monitoring shows that the current Shanxi area of the secondary metallurgical coke price in 2460 RMB/ton, the distance between the year's high 2660 RMB/ton, only 200 RMB.

Shanxi region after the environmental protection supervision is looser than the early, coking enterprise output recovered slightly, but the overall supply is still tight, especially high quality coke supply tension. At present, the coke inventory in the factory is generally low, the steel mill replenishment inventory slightly difficult, the recent profits of the steel mill is high, most enterprises operating rate remains at a high level. Although the emission reduction policy in Tangshan has a certain impact on local production, the overall impact on the market is limited. Steel mill coke demand is generally good, the coke inventory in the plant is generally low, there is an obvious demand for replenishment.

May 13th coke market price of some ports in China (unit: RMB/ton)

On May 13

Rizhao Port

Trade Associate Level I

Trade in the secondary

2750

2650

Tianjin Port

Trade Associate Level I

Trade level I

2750

2850

Note: All the above prices are acceptance closing price including tax

Today, the coke market of Shandong two ports is relatively strong. At present, the mainstream ex-warehouse price of quasi first grade metallurgical coke in the port area is about 2780 RMB/ton, and the price of first-grade coke is 2880 RMB/ton, which is temporarily stable compared with the previous trading day. Due to the impact of environmental protection policies, some ports have stopped operations, and the gathering port has been suspended, and the recovery time has not been determined. Port trader's shipping mentality is positive, the market is still optimistic about expectations.

In the future, SunSirs analysts believe that the current coking coal price remains high, the supply of coke is tight, and the downstream demand is better. Under the triple-positive support, it is expected that the coke market will still be relatively strong in the short term. In the future, we will focus on the start-up changes of coking steel enterprises and the impact of environmental protection policies on the industry.

As of the date of publishing market news that since May 14, zero hours, in Shandong Province, Weifang, Binzhou, Dezhou, Jining, Zaozhuang, Heze, Rizhao, Tai 'an and other coke producers around the metallurgical coke prices in the original price basis up 120 yuan/ton; And a coking enterprise in Jiangsu also issued a notice that the dry quenching of the first level of coke prices up 120 yuan/ton, May 14 from zero time implementation. Coking enterprises officially opened the seventh round of rising, the downstream steel mills have not responded, the coke market is only two rounds away from the year to recover the decline.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

 

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