SunSirs: China Coke Price was temporarily Stable Last Week (August 10-14)

From August 10 to 14, 2020, the market price of coke in Shanxi was stable temporarily, and the price rose at the end of the week. The price was 1,660 RMB/ ton at the beginning of the week and 1,660 RMB/ ton at the weekend, which is the same as the prevous week.

On August 14, the coke commodity index was 87.14, flat with the prevous day, 35.47% lower than 135.04 (September 13, 2018), and 151.49% higher than the lowest point of 34.65 on March 3, 2016. (Note: period refers to 2011-09-01 to now).

Last week, the coke market was temporarily stable, coking enterprise bullished mentality positive, overall shipment situation was good, coke enterprise inventory was still low. Recently, the profits of coking enterprises are good, the operating rate is high, the supply of coke is stable, the shipment of coking enterprises is active, the downstream steel mills start higher, the coke inventory is high, and the demand for coke is good, and the market is generally optimistic about the future market.

In terms of demand, the blast furnace start-up of downstream steel mills was still high, with an increase of about 0.4% compared with the previous week. The demand of iron and steel industry has been improved recently, and the market mentality was optimistic. The demand for coke is still good and the profit situation is good.

In terms of future market, SunSirs believes that the recent coking enterprises have a high enthusiasm for shipping, the inventory of downstream steel mills is on the high side, most steel mills purchase on demand, coke demand is still good, coking enterprises have the intention to increase, but the downstream steel mills are cautious, and it is expected that the coke market will consolidate in the future.

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