From December 9, 2022 to December 16, 2022, the price of coke market rose for the third round. As of December 16, the price of quasi primary metallurgical coke in Shanxi was 2,582 RMB/ton, up 4.03%.
Supply: The coking coal market continued to run well this week, and the supply of coking coal in the production area was tightened due to public health events. In terms of downstream coke, the third round of increase has come to fruition. The demand for winter storage of steel plants is still there, and the stock is still actively replenished. Coke enterprises have a strong desire to pull up, and they have a demand for coking coal replenishment. In general, the coking coal price may run better in the later period, and the downstream market demand is specific.
This week, the coke market rose for the third round, and now it has risen for three rounds, up 300-320 RMB/ton. At present, the coking market is in a good mood. Shanxi, Shandong and other major production areas have started the fourth round of increase of 100-110 RMB/ton, and the downstream steel mills have not responded. The operating rate of coking has increased slightly compared with the previous period. However, as the price of raw coking coal continues to rise, and the cost of coke enterprises entering the furnace continues to rise, some coke enterprises still maintain the original production limit, the overall supply of coke is still tight, and the inventory in the plant is low. In terms of demand, the steel plant has performed well in the purchase of winter storage and warehouse replenishment recently, and the price of finished products has risen slightly. At present, the demand for coke is fair, but after three rounds of coke increase, the price of raw materials has risen more, the steel plant's profitability is still poor, and coke steel has a heavy game mentality. In the future, the business community thinks that the overall sales of coke market is good, and the inventory is generally low. On the steel plant side, the price of finished products has improved slightly, which has restored the profits of the steel plant to a certain extent, but the overall profits are still low. It is estimated that the coke price will temporarily operate stably in the short term. In the future, it is necessary to focus on the price trend of finished products, the price trend of raw coke, and the coke inventory in all links.
The coke price of ports in Shandong Province rose slightly this week. As of the 16th, the quasi first level ex warehouse price of ports was around 2820-2850 RMB/ton. The port market was operating strongly, traders were in a good mood, and trading was active. The port inventory did not change much.
The port freight continued to rise slightly this week. The port's mentality has improved recently. The overall inventory has not changed much. The traders' enthusiasm for port gathering is fair. The spot market has continued to rise. The overall market mentality is good, driving the freight price to continue to consolidate at a high level. This also reflects the port's mentality is still strong.
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