SunSirs: The Sixth Round of China Coke Price Increase was basically implemented on May 11
May 12 2021 15:38:42 SunSirs (Selena)
On May 11, the sixth round of increase of coking enterprises was basically implemented, with an increase of 120 RMB/ ton for dry quenching and 100 RMB/ ton for wet quenching. According to the price monitoring of SunSirs, the price of grade II metallurgical coke in Shanxi was 2,480 RMB/ ton.
However, the overall supply is still tight and the inventory in the plant is low. The downstream steel plants have higher profits in the near future, higher operation rate, better demand for coke, lower inventory of coke in the plant, and obvious demand for replenishment. At present, the overall market is relatively strong and the coke supply is relatively tight.
The coke market of Shandong Ports was relatively strong on the previous day. At present, the mainstream spot ex-warehouse price of quasi first grade metallurgical coke in port area is about 2,780 RMB/ ton, and the price of first grade coke is 2,880 RMB/ ton, which is 80 RMB/ ton higher than that of the previous trading day. The situation of gathering in Hong Kong is relatively general, and the traders have a positive attitude towards shipping and offer higher prices. The sixth round of increase of coking enterprises was partially implemented, and the futures market rose the day before, market inquiries increased, and traders were bullish.
In the future, SunSirs analysts believe that the price of coking coal remains high, the supply of coke is tight, and the downstream demand is better. Under the support of the triple positive, it is expected that China coke market will still be strong in the future.
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