From August 26 to September 2, 2022, the market price of quasi primary coke in Shanxi was temporarily stable. The average market price of quasi primary coke in Shanxi was 2,600 RMB/ ton last weekend and 2,600 RMB/ ton this weekend, which was flat.

In terms of coking coal producing areas, the downstream coke price rose, the market sentiment improved slightly, and the coal mine price mainly operated steadily, with individual fine adjustments. The profits of coking enterprises have improved slightly, the operating rate of enterprises has rebounded, and the demand for raw coal has begun to increase. However, the coking coal with high prices is mostly purchased on demand.

The price of coke market is stable for the time being this week, the overall market atmosphere is weak, the recent production situation of coking enterprises is relatively stable, the recent supply of coke has recovered compared with the previous period after the production of coking enterprises. After the downstream purchases on demand, the coke inventory in the plant has increased slightly in the recent period, but the overall coke inventory remains at a low level. The demand of downstream steel mills has not changed significantly in the near future, the profits of steel mills are still low, most of the coke purchased recently is mainly on demand, the terminal sales have not improved, which has dragged down the market mentality. Recently, the purchasing strength of ports has declined, and the market mentality is weak as a whole. On Friday, Hebei and Shandong steel mills started to increase and decrease 100-110 RMB/ ton, and it will be fully implemented around September 5. In the aftermarket, the business community believes that coke enterprises are accumulating reserves. The price of coking coal, which used to support the coke price, has gradually dropped in the recent auction price. The support for coke is weak. After the increase and decrease are implemented, coke enterprises have a strong resistance mentality. It is expected that the coke price will remain weak and stable in the near future. In the future, we will focus on the trend of raw coal price, the start-up of steel plants and the profit recovery of coke enterprise.

The market price of coke in Shandong Port decreased slightly. The quasi first-class delivery price of the port was about 2,500-2,520 RMB/ ton, and the first-class delivery price was 2,600-2,620 RMB/ ton. The trading atmosphere of the port was general, the market was in a strong wait-and-see mood, and the overall trading was cold. In terms of freight, it was 185 RMB/ ton from Xiaoyi to Rizhao on the 2nd, and 185 RMB/ ton from Jiexiu to Rizhao, with a slight decrease.

In terms of freight, this week's freight continued to decline. With the weakening of the market atmosphere, the mentality of port traders weakened, and the intention to set up ports was low. With a certain wait-and-see mentality, the freight dropped significantly.

Note: the above is the acceptance price including tax.

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