According to the commodity market analysis system of the SunSirs, the coke market temporarily stabilized from September 4 to September 11, 2023. On September 11, the price of quasi first-class metallurgical coke in Shanxi region remained unchanged at 1,980 RMB/ton.
In terms of supply: Last week, the coking coal market was relatively strong, and there was little change in supply compared to last week when the mining area started construction this week, resulting in overall tight supply. In terms of demand, the market sentiment was good this week, with downstream actively entering the market for procurement. The sales situation in the mining area was good, with overall market prices rising and inventory operating at a low level.
Last week, the coke market prices remained temporarily stable, with good sentiment in the spot market and overall market strength. On the supply side, the construction of coking enterprises remained high this week, but with the rising prices of raw coking coal, some enterprises have expectations of reducing production. As market sentiment heats up, there are more downstream purchases entering the market, and the market trading atmosphere is good. The inventory of coke in the factory is low, and some companies are reluctant to sell, resulting in a slightly tight supply. The mentality of coke companies is strong. In terms of demand, downstream construction has slightly increased, and there is a good demand for coke. In the future, coke companies are reluctant to sell and supply slightly tight, and it is expected that the atmosphere in the coke market will be strong. In the future, we will focus on the inventory situation of coke in various links.
The price of coke in the Shandong port market is temporarily stable. As of the 11th, the quasi first level ex-warehouse price of the port is around 2,150-2,200 RMB/ton, and the first level ex-warehouse price is 2,250-2,300 RMB/ton. The port market is currently operating steadily, with a slight increase in inventory between the two ports and a slight improvement in trading atmosphere. In terms of shipping cost, it will be 190 RMB/ton from Xiaoyi to Rizhao Port on the 11th, and 180 RMB/ton from Jiexiu to Rizhao Port.
Freight prices are a barometer of port mentality, with a positive market attitude towards upward freight prices and a weak market attitude towards downward freight prices. This week, there was a slight decline in port inventory, and the enthusiasm of traders to gather at the port remains weak. Freight prices have not changed much, and the market has a strong wait-and-see atmosphere.
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