From December 23, 2022 to December 30, 2022, the coke market price was temporarily stable. As of December 30, the price of quasi primary metallurgical coke in Shanxi was 2,682 RMB/ton, which was temporarily stable.
Supply: The coking coal market rose overall this month. As the end of the year is approaching, coal mine safety production is the main factor, and the overall supply of coking coal is relatively tight. In addition, it is difficult to transport goods in some areas due to force majeure. After the coke market entered December, the fourth round of increase in the coke market has come to fruition, with a cumulative increase of four rounds, 400-440 RMB/ton. At present, the coking market is in a good mood, the coking operation rate has increased slightly, the coking enterprises have a good shipping situation, the enterprises are actively shipping, and the inventory in the plant is running at a low level.
The coke market is operating stably this week. At present, the coke market is in a good mood. The coke enterprises have recovered their mentality. The operating rate of coke has increased slightly compared with the early stage. The shipment is good. The enterprises are actively shipping. At present, the inventory in the factory is low. In terms of demand, the blast furnace of the steel plant has started well recently, and the demand for coke is fair. After the recovery of transportation, the arrival of coke in the steel plant has improved. The steel plant needs to purchase steel in winter, and the stock has been actively replenished. The stock has recovered rapidly. During the New Year's Day, the first round of lifting and lowering was launched and quickly landed, affecting the market mentality. In the future market, SunSirs believes that the performance of the downstream is weak as a whole near the Lunar New Year, and it is hard to expect a good performance in the short term. It is expected that the coke price will temporarily operate stably in the short term. In the future, it is necessary to focus on the price trend of coking coal and the coke inventory in each link.
This week, the coke price of ports in Shandong Province decreased slightly. As of the 30th, the quasi primary ex warehouse price of ports was around 2,720-2,750 RMB/ton. The port market atmosphere was boosted, and the intention of port gathering was slightly restored.
The port freight rate dropped this week, the overall change of the port inventory was not big, and the enthusiasm of traders to gather at the port was weak, which led to the overall decline of the freight price, which also reflects the current weakening of the port mentality.
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