SunSirs: Weak Supply and Demand of China Coke Market on June 30
July 01 2021 14:58:44 SunSirs (Selena)
According to the price monitoring of SunSirs, on June 30, the price of primary metallurgical coke in Shanxi was 2,728 RMB/ ton, and that of secondary metallurgical coke was 2,672 RMB/ ton.
Coking enterprises are limited by environmental protection, the upstream supply is tight, and the local policies are jointly affected. At present, the production of coking enterprises is affected to a certain extent, and the coke supply is obviously tight. In terms of downstream steel plants, the recent strict production restriction of steel plants, the decline of operation rate and the reduction of coke consumption, affected by the traffic restriction in the coke production area, make up the warehouse slightly difficult.
The coke market of the two ports in Shandong was weak yesterday. At present, the mainstream spot ex-warehouse price of quasi first grade metallurgical coke in the port area is about 2,800 RMB/ ton, and the price of first grade coke is 2,900 RMB/ ton. The inventory of the two ports remained low, the trading atmosphere of the port was general, most of the traders had no inventory, the price was upside down, the intention of gathering at the port was weak, and most of them held a wait-and-see attitude.
In terms of aftermarket, SunSirs analysts believe that under the current market environment of tight supply and weak demand, the coke market is expected to be weak in the future in China.
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