In January 2023, the coke market rose in two rounds. As of the press release, the price of quasi-class metallurgical coke in Shanxi was 2,682 RMB/ton, and the price at the beginning of the month was 2,482 RMB/ton, with a monthly decrease of 7.46%.

In terms of supply: As the year is approaching, the number of holiday coal mines is increasing, the supply of coking coal is shrinking, and the overall inventory pressure is limited. The downstream coke market is in consolidation and operation, the coke enterprises are generally selling goods, and the downstream steel mills are also gradually delisting. The Spring Festival is approaching, and there are few transactions in the market.

In January, the coke market experienced two rounds of increase and decrease, with a cumulative decrease of 200-220 RMB/ton.

In January, the market holiday atmosphere gradually became stronger. During the New Year's Day, the first round of coke lifting and lowering fell to the ground, opening the decline trend of coke. As of January, two rounds of coke lifting and lowering were implemented, with a cumulative increase of 200-220 RMB/ton. On the supply side, the coking enterprises have started relatively smoothly, basically the same as before the Spring Festival. Affected by the transportation during the holiday, the coke inventory of some enterprises has slightly recovered, but the overall operation is still low. In terms of demand, the coke inventory fell during the holiday, and the steel plant kept purchasing on demand. On the whole, coking steel has a strong game mentality. As of the press release, some steel mills have started the first round of lifting and lowering, and some coking enterprises have started the third round of lifting and lowering. In the future, the coke price is expected to be stable under the game mentality of coke steel. In the future, the focus will be on the impact of coke inventory in all links and sales of downstream steel plants on coke supply and demand.

The market price of coke in Shandong port rose this month, and the quasi-first ex-warehouse price of the port was reduced from 2,775 RMB/ton on December 28 to 2,680 RMB/ton on January 29, down 95 RMB/ton. However, the port inventory declined as a whole, with Rizhao down 170,000 tons and Qingdao up 20,000 tons.

Freight is a barometer of the port market mentality. When the port purchasing mentality is positive, the freight will rise accordingly, while the port attitude is wait-and-see. When the purchasing intention is low, the freight price will decline significantly. The port freight price of this month declined at the beginning of the month, and slightly warmed at the end of the month. The overall high operation of this month was the main.

According to the National Bureau of Statistics, the national coke output in 2022 will be 473.44 million tons, up 1.3% year on year. The output in December was 39 million tons, up 7.4% year-on-year and 4.3% month-on-month; According to this calculation, the daily average coke output in December was 1.258 million tons, up 0.9% month-on-month.

According to the National Bureau of Statistics, the annual crude steel output was 1013 million tons, down 2.1% year on year. The crude steel output in December was 77.89 million tons, down 9.8% year on year and up 4.5% month on month; The average daily output was 2.513 million tons, a month-on-month increase of 1.1%.

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