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SunSirs: China Coke Price was temporarily Stable Last Week (September 9 -16)
September 19 2022 08:37:21SunSirs(Selena)

From September 9, 2022 to September 16, 2022, the market price of quasi primary coke in Shanxi was temporarily stable. Previously, the average market price of quasi primary coke in Shanxi was 2,500 RMB/ ton, and last week was 2,500 RMB/ ton, which was flat.

Last week, the coking coal market was stable and weak, approaching the National Day holiday and the 20th National Congress. At present, the safety inspection activities in the main production areas of Shanxi, Hebei and other places have led to the shutdown of some coal mines, and the supply of some kinds of coal is slightly strained. The profits of downstream coke enterprises have been damaged. Recently, the coking coal has been purchased on demand. The mining area has less inventory pressure, less online auction, and the mining area has a strong attitude of price fixing.

Last week, the coke market was temporarily stable, and the coking enterprises have slightly improved their work. The overall shipment of coke enterprises is good, and the overall coke inventory in the plant is low. Although some steel plants started the second round of raising and lowering in the early stage, the second round of raising and lowering has not been implemented in view of the low overall profits of the coking enterprises, the expected rise in the price of raw coking coal, and the cost support for the coking enterprises. In terms of downstream steel plants, the recent trend of the finished product market is volatile, the terminal demand is not expected to improve temporarily, and the profits of steel plants are low. At present, coke procurement is mainly based on demand, and most steel plants control coke procurement. At present, the inventory in the plant is at a medium level. In the future, the business community believes that the coke market still has some support, and the downstream demand has little change. It is expected that the coke market will maintain a temporary stable operation in the short term. In the future market, the focus will be on the coke inventory in each link, the profits of coke steel enterprises, the price trend of coking coal and the sales of downstream finished products.

The coke market price of Shandong port has risen, with the quasi primary ex warehouse price of the port at about 2,570-2,600 RMB/ ton and the primary ex warehouse price at 2,670-2,700 RMB/ ton. The overall port market is in shock operation, with low port concentration intention, a small decline in inventory. The port market is on the sidelines, and the market is reluctant to sell. The port inventory in Shandong is 2.36 million tons, 100,000 tons higher than before.

In terms of freight, the freight from the main production area to the port rose slightly last week. With the gradual recovery of the port ex warehouse price last week, the port market became more reluctant to sell. The port inventory rose last week, but the actual transaction was limited.

 

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