From December 21 to 25, 2020, the coke market price of coke in Shanxi increased, which was the tenth round of increase of coke. The price was 2,117.50 RMB/ ton at the beginning of the week and 2,167.50 RMB/ ton at the end of the week, with an increase of 2.36%.
On December 24, the coke commodity index was 113.78, unchanged from the previous day, down 15.74% from 135.04 (2018-09-13), the highest point in the cycle, and up 228.37% from 34.65, the lowest point on March 3, 2016. (Note: period refers to 2011-09-01 to now).
Last week, the tenth round of coke price increase was implemented rapidly. On Friday, some coking enterprises announced that they planned to increase by 50 RMB/ ton. On Monday, some steel mills accepted the increase, and on Tuesday, it was implemented rapidly across the country. The blast furnace start-up of downstream steel plants is still high, and coke inventory is generally low. At present, Shandong area is affected by polluted weather, port environmental protection inspection, transportation and loading and unloading are affected to some extent.
In terms of ports, the prices of Shandong and Shandong ports are mainly stable after rising, and the overall market is relatively strong. At present, the supply of goods available for sale in ports is still limited. In terms of prices, the mainstream spot ex-warehouse price of port quasi first-class metallurgical coke is about 2,600 RMB/ ton, and the first-class coke is 2,700 RMB/ ton. The market atmosphere is warm, some downstream steel mills turn to port for inquiry, the inventory fluctuation is small, and some traders are reluctant to sell.
Last week, the coke market in Shandong was mainly strong, and most of the markets were bullish. In the future, we will focus on the impact of environmental protection and de capacity on coke output, as well as coke inventory in various links.
