From December 2, 2022 to December 9, 2022, the price of coke market will rise in a round. As of December 9, the price of quasi primary metallurgical coke in Shanxi Province will be 2,482 RMB/ton, up 3.42%.

Supply: The coking coal market continued to run well this week, and the supply of coking coal in the production area was tightened due to public health events. In terms of downstream coke, the second round of increase has been implemented, and there is a willingness to support the price. The demand for winter storage of downstream steel plants still exists, and the warehouse is still actively replenished. Coke enterprises have a strong desire to pull up, and they have a demand for coking coal replenishment. In general, the coking coal price may run better in the later period, and the downstream market demand is specific.

This week, the second round of increase in the coke market has come to fruition. At present, there have been two rounds of increase, up 200-220 RMB/ton. At present, the coking market is in a good mood. The main production areas, such as Shanxi and Shandong, have started the third round of increase of 100-110 RMB/ton, and the range of increase has gradually expanded, but the downstream steel plants are not accepting it temporarily. With the gradual recovery of automobile transportation, the tight supply of raw materials in coking enterprises has improved, and the operating rate has increased slightly compared with the previous period. However, as the price of raw coking coal continues to rise, and the cost of coke enterprises entering the furnace continues to rise, some coke enterprises still maintain the original production limit, the overall supply of coke is still tight, and the inventory in the plant is low. In terms of demand, the steel mills have performed well in the procurement of winter storage and replenishment, and the price of finished products has risen slightly. At present, the demand for coke is OK. However, after two rounds of coke increases, the price of raw materials has risen a lot, and the steel mills are still losing money. Therefore, the steel mills in the main production areas have a strong resistance to the third round of increase, and it is difficult to implement the third round of increase. The coke steel game mentality is heavy. In the future market, SunSirs thinks that the coke market is selling well at present, and the inventory in the factory is generally low, but the profits of the steel plant are low. It is expected that the coke price will be mainly stable in the short term. If the subsequent price of finished products continues to rise, the profits of the steel plant will be recovered, and there is room for the price to rise slightly.

The coke price of ports in Shandong Province rose slightly this week. As of September 9, the quasi first level ex warehouse price of ports was about 2,720-2,750 RMB/ton. The port market was operating strongly, traders were in a good mood, and trading was active. The port inventory did not change much. In terms of freight, Xiaoyi arrived at Rizhao Port on August 8 at 240 RMB/ton, and Jiexiu arrived at Rizhao Port at 230 RMB/ton. The price decreased slightly. At present, the intention of gathering at the port is good, and the freight is consolidated at a high level.

This week, the port freight continued to maintain a high consolidation trend. The port's mentality has improved recently. The overall inventory has not changed much. The traders' enthusiasm for port gathering is fair. The spot market has continued to rise. The overall market mentality is good, driving the freight price to maintain a high consolidation, which also reflects that the port's mentality is still strong.

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