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SunSirs: Coke Market Rose in the Fourth Round Last week (October 9-16)

October 21 2020 08:28:28     SunSirs (Selena)

From October 9 to 16, 2020, the price of coke in Shanxi rose in the fourth round, with the price at 1,817.50 RMB/ ton at the beginning of the week and 1,867.50 RMB/ ton at the weekend, with an increase of 2.75 RMB.

On October 15, the coke commodity index was 98.03, flat with the previous day, down 27.41% from 135.04 (September 13, 2018), and 182.91% higher than the lowest point of 34.65 on March 3, 2016. (Note: period refers to 2011-09-01 to now).

After the holiday, the fourth round of increase in coke market price was fully implemented. Last week, the coking enterprises started work, the profits of coke enterprises were higher, the enterprises started work actively and the sales were positive. Inventory is generally low, manufacturers are optimistic about the future market. Recently, the policy of environmental protection and production restriction was introduced in Hebei, which has a certain impact on local coking enterprises and iron and steel enterprises. Steel mills in other regions started normal operation, and the demand for coke was stable temporarily. Some steel mills had replenishment demand, which mainly supported the high level consolidation of coke price.

In terms of ports, the prices of the two ports in Shandong Province rose slightly by about 30 RMB / ton. The atmosphere of market transaction was general, and the market supply was limited. October 16, the mainstream spot exchange ex-warehouse price including tax was 2,030 RMB/ ton for quasi first class and 2,130 RMB/ ton for first class.

In terms of the aftermarket, SunSirs believes that the coking enterprises have a high enthusiasm for shipment recently. After the fourth round of increase in coke prices, the current situation is mainly stable. The coking enterprises are operating at a high level, but at present, the inventory is low, the profits of manufacturers are high, and the production enthusiasm is very good. Due to the impact of environmental protection production restriction in the fourth quarter and the current low inventory, coke still has some room to rise. The future market needs to focus on the impact of environmental protection production restriction in the fourth quarter and the inventory situation of downstream steel mills.


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