Since May, the price of coke has been rising continuously. After the May Day holiday, the environmental protection supervision in Shanxi is more relaxed than before. The output of coking enterprises has slightly recovered, but the overall supply is still tight, especially the supply of high-quality coke. At present, the coke inventory in the plant is generally low, and it is a little difficult for steel plants to replenish the warehouse. The recent profits of steel plants are high, and the operating rate of most enterprises remains at a high level. Although the emission reduction policy in Tangshan has a certain impact on the local production, it has a limited impact on the overall market. The coke demand of steel plants is generally good, and the coke inventory in the plant is on the low side as a whole, so there is an obvious demand for replenishment.
Yesterday, the coke market of two ports in Shandong was relatively strong. At present, the mainstream spot ex-warehouse price of quasi primary metallurgical coke in the port area is about 2,780 RMB/ ton, and the price of primary coke is 2,880 RMB/ ton, which is temporarily stable compared with the previous trading day. Affected by the environmental protection policy, some ports stopped operation. Port traders shipping attitude is positive; the future is expected to remain optimistic.
According to the market news, since 0:00 on May 14, the price of metallurgical coke of coke production enterprises in Weifang, Binzhou, Dezhou, Jining, Zaozhuang, Heze, Rizhao, Tai'an and other places in Shandong Province has been increased 120 RMB/ ton on the basis of the original price; In addition, a coking enterprise in Jiangsu also announced that the price of CDQ primary Coke would be increased 120 RMB/ ton from 0:00 on May 14. The seventh round of increase of coking enterprises officially opened, and the downstream steel mills have not responded yet. The coke market is only two rounds of increase short of recovering the year's decline.
In the future, SunSirs analysts believe that the current coking coal price remains high, the supply of coke is tight, and the downstream demand is better. Under the triple positive support, it is expected that the coke market will still be relatively strong in the short term. In the future, we will focus on the start-up changes of coking steel enterprises and the impact of environmental protection policies on the industry.
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