1  Trend Analysis

Price: according to the data monitoring of SunSirs, the domestic coke market was stable, moderate and strong last week. At present, the mainstream prices of secondary and quasi-primary metallurgical coke in Shanghai are 1,980 RMB/ton and 2,050 RMB/ton respectively; in Xuzhou are 1,950 RMB/ton and 2,020 RMB/ton; in Weifang, Shandong are 1,900 RMB/ton and 1,950 RMB/ton. The mainstream prices of secondary and quasi-primary metallurgical coke in Taiyuan, Shanxi Province are 1,800 RMB/ton and 1,850 RMB/ton; the mainstream prices of secondary and quasi-primary metallurgical coke in Mudanjiang, Heilongjiang Province are 1,840 RMB/ton and 1,900 RMB/ton; in Shenyang, Liaoning Province are 1,870 RMB/ton and 1,930 RMB/ton. The mainstream prices of secondary and quasi-primary metallurgical coke in Pingdingshan, Henan Province are 1,900 RMB/ton and 2,000 RMB/ton respectively. The mainstream prices of secondary and quasi-primary metallurgical coke in Tangshan, Hebei Province are 1,890 RMB/ton and 1,940 RMB/ton; in Tianjin are 1,900 RMB/ton and 2,000 RMB/ton. The mainstream prices of secondary metallurgical coke in Panzhihua coke market in Sichuan Province, Liupanshui coke market of Guizhou province and Ordos coke market are 2,130 RMB/ton, 2,270 RMB/ton and 1,550 RMB/ton respectively. The price of primary metallurgical coke in port trade is about 2,150 RMB/ton, of quasi-primary is about 2,050 RMB/ton, and of secondary is about 1,950 RMB/ton.

Products: at present, domestic coke enterprises have started relatively smoothly, with sufficient orders and low inventory. Due to the influence of recent rainy and snowy weather, domestic logistics and transportation have some difficulties, freight has increased significantly, the cost of coke to the plant has increased, and in the downstream, the coke inventory of the steel plant is at a medium level. In addition, due to factors such as goods preparation before the Spring Festival, the demand is still acceptable.

Industry: according to the price monitoring of SunSirs, in last week of 2020 (1.6-1.10), there were 6 kinds of commodities in the list of rise and fall of bulk commodity prices in the energy sector, including 1 kind of commodity with a rise of more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top 3 commodities were methanol (5.24%), fuel oil (3.70%) and DME (2.05%). There were 8 kinds of commodities falling on a month on month basis, 2 kinds of commodities falling by more than 5%, accounting for 12.5% of the number of commodities monitored in the sector; the top 3 products falling were LNG (- 6.45%), WTI crude oil (- 5.54%) and Brent crude oil (- 4.71%). Last week's average was - 0.69%.

2  Market Forecast

According to the coke analyst of SunSirs, the fourth round of 50 RMB/ ton increase has been implemented in some regions. With the approaching of Spring Festival and the limitation of logistics and transportation, the scope of increase will be further expanded, and the coke market is expected to be stable and positive in the short term.

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