From August 12 to August 19, 2022, the market price of quasi primary coke in Shanxi increased. The average price of quasi primary coke in Shanxi was 2,400 RMB/ ton at the end of last week and 2,600 RMB/ ton at the end of this week, an increase of 200 RMB/ ton, or 8.33%.
In the coking coal market, the overall price of coking coal has been consolidated recently. In terms of production area, the price of coke in the middle and lower reaches last week increased, the market sentiment improved slightly, and the coal mine price was mainly stable, with individual fine adjustments. The profit of coke enterprises slightly improved, the operating rate of enterprises rose, and the demand for raw coal began to increase. However, the coke coal with high price was mainly purchased on demand.
As for the coke market, the second round of price increase last week landed. The current round of price increase is 200-240 RMB/ ton, and the cumulative increase is 400-480 RMB/ ton. After two consecutive rounds of rising and landing, the profit situation of coking enterprises has improved significantly. Therefore, the operating rate of coking enterprises has rebounded as a whole this week, the supply of coke has improved significantly, the coke inventory in the plant is low as a whole, the sales situation is good, and the mentality of coking enterprises is positive. On the downstream side, the price trend of finished products has been fluctuating recently, the operating rate of steel plants has increased to a certain extent, the daily iron and water production has rebounded slightly, the enterprises have actively resumed production, and the demand for coke purchase is expected to improve. In the future, the business community believes that the overall industrial chain is good, and the coking enterprises have a strong mentality. However, the downstream steel sales fluctuate again, which will have a certain impact on the mentality of the steel plant, and the pressure for coke to strengthen again is great. It is expected that the coke price will remain temporarily stable in the near future. In the future, we still need to focus on the commencement of the steel plant and the profit recovery of coke steel enterprises.
The market price of coke in Shandong Port decreased slightly. The quasi first-class delivery price of the port was about 2,670-2,730 RMB/ ton, and the first-class delivery price was 2,770-2,830 RMB/ ton. The trading atmosphere of the port was general, and the overall market was slightly cold. On August 19, the inventory of the two ports was 2.46 million tons, and the freight was 215 RMB/ ton in Xiaoyi Rizhao, which was temporarily stable.
In terms of freight, the freight continued to decline last week. With the weakening of the futures market, the mentality of port traders was weakened, and the intention to gather in the port was low, with a certain wait-and-see mentality.
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