SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Coke News > News Detail
Coke News
SunSirs: The First Round of Raising and Lowering of China Coke Market was Implemented Last Week (October 28 - November 4)
November 07 2022 09:34:18SunSirs(Selena)

From October 28, 2022 to November 4, 2022, the coke market price will decline. As of November 4, the price of quasi primary metallurgical coke in Shanxi Province will be 2,500 RMB/ ton, down 3.85%.

Supply: Last week, the coking coal market was weak. Due to the impact of transportation, epidemic situation and safety, the overall production of coking coal in the coal mines of origin was affected to some extent. In addition, under the influence of public events, the enterprise's shipment has been average recently. In the downstream coke market, the overall profit has declined recently, the steel price has declined, and the profits of steel mills have been damaged. In terms of downstream coke, the demand for coking coal is general in the near future, and because of the decline in steel prices, the steel mills are not less inclined to suppress coke. The coke is mainly purchased on demand, and the price of coking coal is mainly weak in view of the overall operation, specifically the downstream market demand.

Last week, the coke market was weak, and the first round of raising and lowering was implemented, with a reduction of 100-110 RMB/ ton. As the price of coking coal declines, the profits of coking enterprises have recovered to a certain extent. The commencement of coking enterprises has slightly increased compared with the early stage. Affected by the transportation obstacles in some regions, the shipment of some coking enterprises has been blocked, and the coke inventory in the region has increased. After the first round of raising and lowering, the coke enterprises are generally low in attitude. Some steel plants in Hebei have started the second round of raising and lowering, and the draft has not been implemented yet. Downstream steel sales continued to be sluggish, and the steel plant had maintenance plans in the near future due to the impact of profits. At that time, the demand for coke was afraid to decline. In the future market, SunSirs believes that the overall profit of the downstream has declined recently, the steel price has declined, and the profits of the steel mill have been damaged. However, the coking enterprises are lack of support and can start construction in the near future. The coke supply is sufficient and the market negative factors dominate. Therefore, in the short term, the coke price is mainly weak.

Last week, the price of coke at ports in Shandong Province declined slightly, and the quasi primary ex warehouse price at ports fell from 2,700-2,750 RMB/ ton on October 28 to 2,630-2,650 RMB/ ton on October 4, down 70-100 RMB/ ton. The overall port inventory continued to decline, including 50000 tons in Rizhao and 100,000 tons in Qingdao. The market inquiry this week was fair, the intention of traders to gather at the port was slightly low, and the port freight dropped.

Last week, the port freight dropped significantly. The situation of the port traders gathering at the port was general. The port inventory continued to decline. The decline of the futures market affected the port market mentality. The traders were less enthusiastic about gathering at the port and had a heavy wait-and-see mood, so the freight dropped.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products