According to the monitoring data of SunSirs, the domestic coke market is stable and strong last week, with a small increase in some areas and insufficient momentum for future market growth.

Products: Influenced by the boost of futures market and the rise of steel price, the domestic coke market has been running steadily, moderately and strongly in the whole week. Near National Day, some areas in eastern China began to limit production due to environmental protection, coke prices rose slightly, and the market wait-and-see attitude in other areas remained strong. At present, coke spot supply is abundant, and some downstream steel factories begin to replenish their warehouses before the holidays, but the overall capacity limitation of steel factories continues, and they are resistant to rising coke prices. On the port side, the trading atmosphere in the market has been active, but traders still hold a wait-and-see attitude towards coke purchasing.

Industry: According to the price monitoring of SunSirs, on September 19, 2019, there were two kinds of commodities rising in the energy sector, the first two of which were dimethyl ether (0.49%) and methanol (0.37%). There are seven kinds of commodities that have declined annually. The first three products were WTI crude oil (-2.07%), Brent crude oil (-1.47%) and diesel oil (-0.90%).

Coke analysts from Business Association believe that near the National Day holiday, steel dactories affected by environmental protection have strong expectations of production limitation and high coke inventory. Except for a small number of enterprises replenishing inventory, most of them have strong resistance to the increase of coke price; some traders have become active and the market mentality has gradually improved, but the coke price was not motivated enough, and the game sentiment of coke steel was strong. Future market still needs to observe the situation of environmental protection and production restriction, and it is expected that the coke market will basically run steadily in the near future.

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