On April 25, the coke commodity index was 79.44, the same as the previous day, down 41.17% from 135.04 (2018-09-13), the highest point in the cycle, and up 129.26% from 34.65, the lowest point 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 stable last week. As of last Friday, the mainstream prices of secondary and quasi-primary metallurgical coke in Shanghai are 1,680 RMB/ton and 1,740 RMB/ton respectively; in Xuzhou are 1,650 RMB/ ton and 1,720 RMB/ ton; in Weifang, Shandong are 1,640 RMB/ ton and 1,700 RMB/ ton. The mainstream prices of secondary and quasi-primary metallurgical coke in Taiyuan, Shanxi Province are 1,540 RMB/ ton and 1,590 RMB/ ton; the mainstream prices of secondary and quasi-primary metallurgical coke in Mudanjiang, Heilo Product: the domestic coke market price is temporarily stable this week, and the downstream steel plant mainly purchases on demand. At present, the coke supply is stable and the sales situation is normal. As of Friday, the main transaction price of quasi primary wet quenching coke in Shanxi was about 1500-1600 yuan / ton, which was the same as last week. In terms of ports, most of the traders are cautious and the price is stable and the transaction is limited. At present, the quotation of quasi first-class metallurgical coke in port area is kept at 1700 yuan / ton.

Product: the domestic coke market price was temporarily stable last week, and the downstream steel plant mainly purchased on demand. At present, the coke supply is stable and the sales situation is normal. As of last Friday, the main transaction price of quasi primary wet quenching coke in Shanxi was about 1,500-1,600 RMB/ ton, which was the same as last week. In terms of ports, most of the traders are cautious and the price is stable and the transaction is limited. At present, the quotation of quasi first-class metallurgical coke in port area is 1,700 RMB / ton.

Industry: according to the price monitoring of SunSirs, in the 16th week of 2020 (4.20-4.24), there was one kind of commodity in the list of commodity price rise and fall in the energy sector, with diesel rising (0.67%). There were 11 kinds of commodities falling on a month on month basis, 4 kinds of commodities falling by more than 5%, accounting for 25% of the number of commodities monitored in the sector; the top three products falling were WTI crude oil (-34.08%), Brent crude oil (-11.72%), and DME (-7.75%). This week's average was -4.6%.

Market Forecast

Coke enterprises intend to raise the price in a new round around April 28, with a range of 50 RMB/ ton. At present, the operation rate of coke enterprises is good and the delivery is stable, mainly focusing on the coke inventory.

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