SunSirs: The Seventh Round of Price Increase of Coke was partially Completed on November 18
November 19 2020 10:26:23 SunSirs (Selena)
On November 18, Shandong Rizhao Iron and steel increased the purchase price of coke by 50 RMB/ ton from 0:00 on November 18. It marks that the seventh round of price rising began to land gradually. The game between coke and steel has come to an end temporarily. Today, the coke market is relatively strong. In the continuous promotion of de capacity workers in Shanxi, the supply of coke is slightly tight. At present, the coking enterprises in the main production areas are actively starting, the operating rate is high, and the coke inventory is generally low. The start-up of downstream steel mills is still high, and the demand for coke is good. Some manufacturers with low coke inventory have higher purchasing enthusiasm. In terms of ports, the prices of the two ports in Shandong Province were stronger, with an increase of 50 RMB/ ton, and a slight increase in inventory. At present, the port trading is active, and market participants are optimistic about the future market. In the near future, we need focus on the implementation of the de capacity policy in Shanxi and other major production areas in China, the profits of downstream steel mills, and the coke inventory in various links.
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