SunSirs: April 20, the First Round of Coke Rise Basic Landing

Summary of some domestic coke market prices (unit: RMB/ton)

Region	Specifications	Prices on April 20th	Up or down from the same time last month
Shanghai Area	Secondary metallurgical coke	2180	-400
Shanghai Area	Quasi primary metallurgical coke	2240	-400
Xuzhou Area	Secondary metallurgical coke	2150	-400
Xuzhou Area	Quasi primary metallurgical coke	2200	-400
Weifang Area	Secondary metallurgical coke	2100	-190
Weifang Area	Quasi primary metallurgical coke	2150	-190
Taiyuan Area	Secondary metallurgical coke	2090	-200
Taiyuan Area	Quasi primary metallurgical coke	2140	-200
Jinzhong Area	Secondary metallurgical coke	1950	-200
Jinzhong Area	Quasi primary metallurgical coke	2010	-200
Tangshan Area	Secondary metallurgical coke	2080	-200
Tangshan Area	Quasi primary metallurgical coke	2130	-200
Shenyang Area	Secondary metallurgical coke	1960	-200
Shenyang Area	Quasi primary metallurgical coke	2020	-200

On the 20th, the first round of coking enterprises to raise the basic ground, dry and quenching up 110 RMB/ton, wet quenching up 100 RMB/ton. According to the SunSirs price monitoring shows, at present, the price of secondary metallurgical coke in Shanxi is 1980 RMB/ton. Coke market is mainly strong operation, coking enterprises recently improved sales, low inventory, with the implementation of outdated production capacity elimination intensified, Shanxi, Hebei area after the supply will have a certain tightening, most coking enterprises are expected to be bullish. Futures market recently up mainly, port hedging supply increased. Downstream steel mills have a certain willingness to replenish the inventory, the overall low coke inventory. Market traders recently entered the market actively, continued storage, the port situation is good.

Domestic coke market price of some ports on April 20 (unit: RMB/ton)

On April 20th
Rizhao Port	Trade Associate Level I	Secondary trade
Rizhao Port	2250	2150
Tianjin Port	Trade Associate Level I	Trade level I
Tianjin Port	2250	2350

Note: all the above prices are acceptance closing price including tax

Shandong two ports coke market today strong operation, the current port area quasi level one metallurgical coke mainstream spot exchange out of the warehouse price at about 2270 RMB/ton, level one coke price at 2370 RMB/ton, than the previous trading day price rose 40 RMB/ton, port prices rose steadily. Inventory continues to rise, port site partial tension. Today the first round of coke rise basic landing, coking enterprise inventory continues to decline, sales situation is good. With the stronger enforcement of strict environmental protection inspection in major producing areas and the closure of some backward production capacity, the current domestic operating rate has decreased as a whole.

In the future, analysts from the SunSirs agency said, With the expected tightening of coke supply, the inventory of coking enterprises decreased. The downstream steel plants have purchase demand, and the profit of steel plants is good. It is expected that there will be a certain upward space in the future.

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