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

On the 29th, the third round of increase in the coke market has just been fully implemented. On the 30th, some enterprises in Hebei, Shandong, Shanxi, Henan, and Jiangsu planned to start the fourth round of increase of 100-120 RMB / ton. At present, the downstream steel plants have not responded. According to the price monitoring of business society, as of the 30th, the price of grade II metallurgical coke in Shanxi is 2180 RMB / ton.

From the perspective of supply: in April, with the entry of the Central Environmental Protection Inspection Group in Shanxi, the production of coke in the main producing area continues to be limited. On average, the overall production limit is about 10%-30%, and some enterprises can reach as high as 50%, and some new production capacity may be delayed. At present, coke inventory is generally in a low or no inventory state, the overall supply is tight.

From the perspective of demand: the downstream steel plants have higher profits, stronger production enthusiasm, generally high starting level, and better demand for coke. According to the statistics of the China Steel Association, the domestic crude steel output reached 271 million tons in the first quarter, with a year-on-year growth of 15.6%. Near the holiday, some steel mills have the intention to replenish the warehouse, and the demand volume is favorable for the coke price again.

Analysts of the business community in the future market think that the coke supply is continuously tight shortly, and the downstream demand is good. At present, the coke enterprise has a good mentality, and the bullish expectation is higher. It is expected that the coke price will remain strong in the short term.

Focus on: the implementation of the fourth round of price increase, and the start-up of steel plants and coke enterprises.

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