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SunSirs: High Price Consolidation of Coke on November 16 in China

November 17 2020 11:10:05     SunSirs (Selena)

On November 16, the coke price was high and stable temporarily. The seventh round of increase was not responded by downstream steel mills, and the coke steel game continued. In terms of supply, the plan of de-capacity in Shanxi and Hebei is gradually implemented, and the supply is slightly tight. Yesterday, the mainstream price of quasi primary wet quenching coke in Shanxi was about 1,980-2,080 RMB/ ton. The demand of downstream steel mills is still good, flat compared with the previous period. In terms of ports, the prices of the two ports in Shandong Province remained stable for the time being, and the inventory declined slightly. The trading atmosphere in the market was good, and the traders quoted actively. Yesterday, the mainstream spot exchange of quasi first grade coke was 2,300 RMB/ ton. In the future, the recent focus is on the acceptance of the seventh round of increase in steel mills, the implementation of de-capacity in various regions and the change of coke inventory.

 

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