SunSirs: Domestic Coke Market was stable last Week (November 11-15)

1. Price and Market Analysis

According to the monitoring data of SunSirs, the domestic coke market was weak and stable last week.

Price: at present, the mainstream prices of secondary and quasi-primary metallurgical coke in Shanghai are 1,830 RMB/ton and 1,900 RMB/ton respectively; in Xuzhou are 1,800 RMB/ton and 1,870 RMB/ton; in Weifang, Shandong are 1,750 RMB/ton and 1,800 RMB/ton. The mainstream prices of secondary and quasi-primary metallurgical coke in Taiyuan, Shanxi Province are 1,650 RMB/ton and 1,700 RMB/ton; the mainstream prices of secondary and quasi-primary metallurgical coke in Mudanjiang, Heilongjiang Province are 1,740 RMB/ton and 1,800 RMB/ton; in Shenyang, Liaoning Province are 1,770 RMB/ton and 1,830 RMB/ton. The mainstream prices of secondary and quasi-primary metallurgical coke in Pingdingshan, Henan Province are 1,760 RMB/ton and 1,850 RMB/ton respectively. The mainstream prices of secondary and quasi-primary metallurgical coke in Tangshan, Hebei Province are 1,740 RMB/ton and 1,790 RMB/ton; in Tianjin are 1,750 RMB/ton and 1,850 RMB/ton. The mainstream prices of secondary metallurgical coke in Panzhihua coke market in Sichuan Province, Liupanshui coke market of Guizhou province and Ordos coke market are 1,980 RMB/ton, 2,220 RMB/ton and 1,400 RMB/ton respectively. The price of primary metallurgical coke in port trade is about 2,000 RMB/ton, of quasi-primary is about 1,900 RMB/ton, and of secondary is about 1,800 RMB/ton.

Products: last week, the domestic coke market was weak and stable. Affected by the weather warning in some regions, the operating rate of coke enterprises declined. However, the overall supply of the market was still relatively abundant. The inventory of some coke enterprises continued to accumulate. Affected by the downturn of intra industry investment, coke enterprises had a high enthusiasm for shipment. In the downstream, the steel price was stable and rising, the profit of the steel plant was acceptable, and the purchase of the steel plant was still just in demand, and they are pessimistic about the future market of coke. At present, the industry is mainly in wait-and-see mood.

Industry: according to the price monitoring of SunSirs, in the 45th week of 2019 (11.11-11.15), there are three kinds of commodities rising month on month in the energy sector, the top 3 of which are liquefied natural gas (LNG) (3.27%), MTBE (1.23%) and liquefied petroleum gas (LPG) (0.34%). There are ten kinds of commodities falling on a month on month basis, with methanol (- 4.10%), petroleum coke (- 3.96%) and dimethyl ether (DME) (- 2.98%) as the top 3 products.

2. Market Forecast

According to the coke analysts of SunSirs, at present, the overall turnover of the domestic coke market is relatively weak, and the coke steel market is facing the expectation of limiting production. The steel mills just purchase in need, and the coke enterprises are active in shipping, but the turnover is limited. It has been predicted that the coke market will still operate in a weak position in the near future. In the future, it is necessary to pay attention to the policy and steel plant inventory.

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