- Price and Market Analysis
According to the monitoring data of SunSirs, at present, the second round of domestic coke market has been raised and lowered, and the average coke price across the country has been reduced by about 50 RMB/ ton this time.
Price: at present, the mainstream prices of secondary and quasi-primary metallurgical coke in Shanghai are 1,830 RMB/ton and 1,900 RMB/ton respectively; in Xuzhou are 1,800 RMB/ton and 1,870 RMB/ton; in Weifang, Shandong are 1,750 RMB/ton and 1,800 RMB/ton. The mainstream prices of secondary and quasi-primary metallurgical coke in Taiyuan, Shanxi Province are 1,650 RMB/ton and 1,700 RMB/ton; the mainstream prices of secondary and quasi-primary metallurgical coke in Mudanjiang, Heilongjiang Province are 1,740 RMB/ton and 1,800 RMB/ton; in Shenyang, Liaoning Province are 1,770 RMB/ton and 1,830 RMB/ton. The mainstream prices of secondary and quasi-primary metallurgical coke in Pingdingshan, Henan Province are 1,760 RMB/ton and 1,850 RMB/ton respectively. The mainstream prices of secondary and quasi-primary metallurgical coke in Tangshan, Hebei Province are 1,740 RMB/ton and 1,790 RMB/ton; in Tianjin are 1,750 RMB/ton and 1,850 RMB/ton. The mainstream prices of secondary metallurgical coke in Panzhihua coke market in Sichuan Province, Liupanshui coke market of Guizhou province and Ordos coke market are 1,980 RMB/ton, 2,220 RMB/ton and 1,400 RMB/ton respectively. The price of primary metallurgical coke in port trade is about 2,000 RMB/ton, of quasi-primary is about 1,900 RMB/ton, and of secondary is about 1,800 RMB/ton.
Product: affected by the poor demand of downstream steel plants in the early stage and the accumulation of coke enterprises' inventory, the domestic coke market has completed two rounds of raising and lowering, and the coke price in each region has declined by about 100 RMB/ ton. The overall market sentiment is still pessimistic. At present, affected by the environmental protection, the coke enterprises' operation has declined, the coke enterprises' profits have dropped to a low level, and there is strong resistance to the lowering again. The coke inventory of downstream steel plants is still on the high side, mainly for purchase and rigid demand, and some enterprises still intend to control the arrival of coke.
Industry: according to the price monitoring of SunSirs, on November 5, 2019, there were six commodities in the list of commodity prices rising and falling, among which the top 3 commodities were liquefied gas (1.12%), Brent crude oil (0.71%) and WTI crude oil (0.60%). There were four kinds of commodities with a month on month decline, and the top 3 products were LNG (- 2.52%), asphalt (- 0.29%) and methanol (- 0.19%).
- Market Forecast
According to the coke analysts of SunSirs, at present, the mentality of the domestic coke market is weak as a whole, and the coke enterprises are active in shipping. Although the coke enterprises are affected by the environmental protection recently, the degree of production restriction is not as good as that of the steel mills, and the overall supply of the market is still relatively sufficient, but the demand side support of the steel mills is insufficient. It has been predicted that the coke market will still operate in a weak position in the near future. In the future, it is necessary to pay attention to the policy and steel plant inventory.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com .