Price Trend
On March 13, the coke commodity index was 84.69, unchanged from the previous day, 37.29% lower than the highest point 135.04 (2018-09-13) in the cycle, and 144.42% higher than the lowest point 34.65 on March 3, 2016. (Note: cycle refers to 2011-09-01 to now).
Market Analysis
Price: according to the data monitoring of SunSirs, the price of domestic coke market was lowered last week. As of March 13, the mainstreamprices of secondary and quasi-primary metallurgical coke in Shanghai are 1,780 RMB/ton and 1,840 RMB/tonrespectively; in Xuzhou are 1,750 RMB/ ton and 1,820RMB/ ton; in Weifang, Shandong are 1,740 RMB/ ton and 1,800 RMB/ ton. The mainstream prices of secondary and quasi-primary metallurgical coke in Taiyuan, Shanxi Province are 1,640 RMB/ ton and 1,690 RMB/ ton; the mainstream prices of secondary and quasi-primary metallurgical coke in Mudanjiang, Heilongjiang Province are 1,680 RMB/ ton and 1,740 RMB/ ton; in Shenyang, Liaoning Province are 1,710 RMB/ ton and 1,770 RMB/ ton. The mainstream prices of secondary and quasi-primary metallurgical coke in Pingdingshan, Henan Province are 1,800 RMB/ ton and 1,900 RMB/ tonrespectively.The mainstream prices of secondary and quasi-primary metallurgical coke in Tangshan, Hebei Province are 1,730 RMB/ ton and 1,780 RMB/ ton; in Tianjin are 1,750RMB/ ton and 1,850 RMB/ ton. The mainstream prices of secondary metallurgical coke in Panzhihua coke market in Sichuan Province, Liupanshui coke market of Guizhou province and Erdos coke market are 1,880 RMB/ ton, 1,970 RMB/ ton and 1,400 RMB/tonrespectively. The price of primary metallurgical coke in port trade is about 2,050 RMB/ton, of quasi-primaryis about 1,950 RMB/ton, and of secondaryis about 1,850 RMB/ton.
Market Forecast
The coke analysts of SunSirs believe that the sufficient supply of coke will last for a period of time in the short term, because the demand side has not been better improved, the coke price is mainly weak consolidation.
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