SunSirs: April 26, Part of the Coking Enterprises To Open the Third Round of Rise

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	2280	-100
Shanghai Area	Quasi primary metallurgical coke	2340	-100
Xuzhou Area	Secondary metallurgical coke	2150	-100
Xuzhou Area	Quasi primary metallurgical coke	2250	-100
Weifang Area	Secondary metallurgical coke	2300	+110
Weifang Area	Quasi primary metallurgical coke	2250	+110
Taiyuan Area	Secondary metallurgical coke	2190	+100
Taiyuan Area	Quasi primary metallurgical coke	2240	+100
Jinzhong Area	Secondary metallurgical coke	2050	+100
Jinzhong Area	Quasi primary metallurgical coke	2110	+100
Tangshan Area	Secondary metallurgical coke	2180	+100
Tangshan Area	Quasi primary metallurgical coke	2230	+100
Shenyang Area	Secondary metallurgical coke	2060	+100
Shenyang Area	Quasi primary metallurgical coke	2120	+100

On the 26th, some coking enterprises started the third round of increase of 100-120 RMB / ton, which has not been implemented yet. As of the 26th, according to the price monitoring of the business association, the price of grade II metallurgical coke in Shanxi was 2080 RMB / ton.

Coke market is strong overall operation, coking enterprises recently low inventory, sales are good. Shanxi, Hebei area environmental protection scrutiny, limited start, most of the coking enterprise inventory is low. Aftermarket expectations are bullish. Downstream steel mills start higher, the demand for coke is stable, and the early coke inventory has been almost digested, most steel mills have procurement demand.

Domestic coke market price of some ports on April 26 (unit: RMB/ton)

On April 26th
Rizhao Port	Trade Associate Level I	Secondary trade
Rizhao Port	2350	2250
Tianjin Port	Trade Associate Level I	Trade level I
Tianjin Port	2350	2450

Note: The above prices are tax inclusive for acceptance closing

Shandong two ports coke market today is still strong operation, the current port area quasi level one metallurgical coke mainstream spot exchange out of the warehouse price at about 2350 RMB/ton, level one coke price at 2450 RMB/ton, stable than the previous trading day price. Collecting port slows down, port site slants tight. In terms of aftermarket, SunSirs analysts believe that coke enterprises have a good attitude shortly, have a high bullish expectation for the aftermarket, and expect coke prices to be stronger in the short term. Focus on: the implementation of the third round of price increase, and the start-up of steel plants and coke enterprises.

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