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SunSirs: On May 20, the Price of Landing Coke Rose in Eight Rounds, Reaching a New High in the Year
May 26 2021 08:38:29SunSirs(HU)

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

Region

Specifications

May 20 price

Up and down from the same period last month

Shanghai region

Secondary metallurgical coke

3020

+840

Quasi-level metallurgical coke

3080

+840

Xuzhou region

Secondary metallurgical coke

2990

+840

Quasi-level metallurgical coke

3040

+840

Weifang region

Secondary metallurgical coke

2840

+850

Quasi-level metallurgical coke

2890

+850

Taiyuan region

Secondary metallurgical coke

2830

+840

Quasi-level metallurgical coke

2880

+840

Jinzhong region

Secondary metallurgical coke

2690

+840

Quasi-level metallurgical coke

2750

+840

Tangshan region

Secondary metallurgical coke

2820

+840

Quasi-level metallurgical coke

2870

+840

Shenyang region

Secondary metallurgical coke

2700

+840

Quasi-level metallurgical coke

2760

+840

The eighth round of coking enterprises on the 19th rise and fall, according to the business community price monitoring showed that the price of Shanxi province's second level metallurgical coke in 2720 RMB/ton on the 20th, has hit a new high in the year.

Upstream coking coal prices have risen to the highest point since 2008, coking enterprises procurement enthusiasm decreased. At present, the production of coking enterprises is positive. Although the capacity utilization rate has risen to a certain extent, the impact of environmental protection limit production in Shanxi still exists, and the overall improvement of coke production is limited. Downstream steel replenishment storage demand still exists, there is a certain support for coke prices, but the recent Tangshan area emission reduction, steel mill utilization rate decline, coke inventory has a certain improvement. At present, the coke price has reached a new high in the year, the market fear of high mentality is frequent, the superposition futures market continues to perform poorly, traders receive the low intention, the overall shipping mood is high.

Domestic coke market price of some ports on May 20th (unit: RMB/ton)

On May 20

Rizhao port

Trade Associate Level I

Secondary trade

2990

2890

Qingdao port

Trade Associate Level I

Trade level I

2990

3090

Note: The above prices are tax inclusive for acceptance closing

Inventory of coke in two ports of Shandong on May 20 (unit: ten thousand tons)

Port

Inventory

Inventory changes

Qingdao

147

0

Rizhao

83

-1

Shandong two ports coke market today strong operation, the current port area quasi level one metallurgical coke mainstream spot exchange out of the warehouse price at about 2730 RMB/ton, level one coke price at 2830 RMB/ton. The inventory of the two ports has declined, the situation of the port is limited, and traders have a strong shipping mentality.

In the future, SunSirs analysts believe that the current market fear of heights is strong, and the driving force of fundamentals is limited. With the support of downstream demand, the coke price is expected to be stable, medium, and strong in the short term.

 

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

 

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