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SunSirs: Weak Operation of Coke Market on March 24

March 25 2021 13:22:13     SunSirs (Selena)

Coke market yesterday weak operation, the futures market fell the previous day, affecting the market mentality, the market is bearish. Shanxi, the main production area in China, is affected by the entry of environmental protection supervision team. At present, local enterprises have limited production, and the overall impact is limited. Most enterprises are active in sales and start-up. The implementation of iron and steel production reduction in Hebei is relatively strong, and the daily consumption of coke continues to decline. On the whole, the domestic coke market supply is loose, and the current coke inventory is generally high.

Today, the coke market price of two Shandong ports continued to decline, and the market atmosphere was weak. At present, the mainstream spot ex-warehouse price of quasi first grade metallurgical coke in port area is about 2,100 RMB/ ton, and the price of first grade coke is 2,200 RMB/ ton, down 50 RMB/ ton compared with the previous trading day. The inventory of the two ports continued to rise, the situation of port consolidation was slightly better, the bearish atmosphere of the market was strong, and the futures market fell, which affected the market confidence. At present, the inquiries in the port market are poor and the transactions are rare.

In terms of aftermarket, new production capacity has been released one after another, coke aftermarket supply is expected to be good, combined with the lower purchase willingness of downstream, and China coke market trend is expected to be weak.

 

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