SunSirs: China Coke Market Rises 5.22% in November 2020
December 03 2020 10:21:55     SunSirs (Selena)In November 2020, there were two rounds of increase in the coke market, with a cumulative increase of 100 RMB/ ton. The mainstream price of Shanxi market was 1,917.50 RMB/ ton at the beginning of the month and 2,017.50 RMB/ ton at the end of the month, with a monthly increase of 5.22%.
On November 30, the coke commodity index was 105.91, the same as of the previous day, down 21.57% from 135.04 (September 13, 2018), and 205.66% higher than the lowest point of 34.65 on March 3, 2016. (Note: period refers to 2011-09-01 to now).
Since August this year, China coke market has gone through seven rounds of rising, with a total increase of 350 RMB/ ton. As of the end of November, the main price of primary wet quenching coke in Shanxi was about 2,000-2,130 RMB/ ton. In the fourth quarter of the year, coke supply continued to be tight in Shanxi, Henan, Hebei, Shandong and other major production areas. The downstream steel mills were well boosted by the construction steel demand. At present, the operating rate is high, the steel production is stable, the steel mill profits are high, and the demand for coke is strong. On November 30, some coking enterprises in Shandong and Shanxi have started the eighth round of increase of 50 RMB/ ton. At present, the downstream steel mills have not responded, but market participants are generally optimistic about the future market.
In terms of ports, the prices of the two ports in Shandong Province are relatively strong. At present, the market transaction is general, and the inventory is temporarily stable.
SunSirs believes that the demand of downstream steel mills is still good in the near future, and the steel mills have accumulated demand. In addition, the supply of coke is slightly tight. Market participants are generally optimistic about the future market, and it is expected that the eighth round of increase will eventually come.
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