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SunSirs: The Downstream Recovered on August 2, China Coke Market Improved

August 03 2022 09:27:53     SunSirs (Selena)

According to the price monitoring of SunSirs, the price of quasi primary metallurgical coke in Shanxi was 2,200 RMB/ ton on August 2, unchanged.

Coking coal prices continue to decline, and the recent weak operation is still the main one. The recent price decline of downstream coke, the continuous loss of coke enterprises' profits, the low willingness to purchase raw coking coal, and the market trading atmosphere is cold. The comprehensive view of coking coal prices may still be weak operation, and the specific view is the downstream market demand.

After the implementation of the fifth round of lifting and lowering in the coke market on July 28, the cumulative lifting and lowering was 1,100 RMB/ ton. At present, coking enterprises are still in a state of loss, and most enterprises continue to limit production. However, with the lower price of upstream coking coal and the lower cost of coking enterprises, the loss situation has not continued to increase. Due to the recent rise of futures, which has boosted the mentality of the spot market, the supply of coke enterprises has mostly flowed to traders recently, and the coke inventory of enterprises has generally declined, with positive shipments. In terms of downstream steel mills, some steel mills have begun to resume production. With the strengthening of finished product prices, steel mills have resumed construction, and the market atmosphere is generally good. In terms of ports, the market price of coke in Shandong ports continued to pick up slightly today, with an increase of 30 RMB/ ton. At present, the quasi primary delivery price of the port is about 2,550-2,600 RMB/ ton, and the primary delivery price is 2,650-2,700 RMB/ ton. The coke futures market rebounded. The port market was boosted, the mentality improved, the port inventory increased slightly, the port trading improved slightly, and some transactions were concluded recently.

In the furure, SunSirs believes that although the downstream has recovered, the overall range is limited, and the boost to the industrial chain is limited. It is expected that China coke market will maintain a temporary stable operation in the short term. In the furure, the focus will be on the commencement of steel mills, the sales of finished products and the profits of coke steel enterprises.

 

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