SunSirs: June 17 Coke Market Temporarily Stable Operation

Summary of market price of some domestic coke (unit: RMB/ton)

On June 2, after the first round of lifting and lowering of coking enterprises, the coke market price has maintained a stable operation. According to the price monitoring of the SunSirs, on June 17, the price of primary metallurgical coke in Shanxi was 2650 RMB/ton, and the price of secondary metallurgical coke was 2600 RMB/ton.

In terms of coking enterprises, the recent environmental protection inspection has become stricter. Some domestic coking enterprises have been affected. Shanxi, Shandong, and other places still limit production. It is expected that the coke supply will be tightened before the end of the month, but there is no obvious impact at present. Coking enterprise inventory remains low, with good sales and positive production. In terms of downstream steel plants, coke inventory has rebounded to a certain extent, and some high-quality coke supply is slightly tight. Corresponding manufacturers have a certain intention to replenish the warehouse, and the operating rate remains high and stable.

Coke market price of some domestic ports on June 17 (unit: RMB/ton)

Coke inventory of Shandong ports on June 17 (unit: 10000 tons)

Today, the coke market prices of the two ports in Shandong run smoothly. At present, the mainstream ex-warehouse price of quasi primary metallurgical coke in the port area is about 2680 RMB/ton, and the price of primary coke is 2780 RMB/ton. The inventory of the two ports has declined slightly, the overall inventory of the port is low, and the intention of port gathering is weak.

SunSirs analysts believe that the current supply and demand of the coke market are booming, and it is expected that the price of Coke will remain stable in the short term. In the future, we will focus on the impact of environmental protection policies on the operation rate of upstream and downstream.

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