SunSirs: The Ninth Round of Price Increase in Coke was fully Implemented
December 18 2020 11:17:38 SunSirs (Selena)
Spot market: the price of coke is mainly stable after rising, and the ninth round of increase is fully implemented. The supply side continues to be tight, and some new capacity is put into production, but it is slightly weak to ease the current supply situation. At present, the sales of coking enterprises are very good, and the inventory is on the low side. In terms of downstream demand, steel mills have the intention to replenish inventory. Affected by the cold weather, some steel mills are worried about the future transportation constraints and have the intention to increase the warehouse in the near future. In terms of ports, the prices of the two ports in Shandong Province remained stable. The market trading was general, and the market supply of was on the low side. In terms of price, the mainstream spot exchange ex-warehouse price of quasi grade I metallurgical coke in port is about 2,420 RMB/ ton, the port inventory is temporarily stable, and the arrival situation is general. In the future, we still need to focus on the impact of de capacity and environmental protection and production restriction, as well as the coke inventory situation in each link. The coke market is still optimistic in the future.
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