In January 2021, the coke market rose for three rounds, with a cumulative increase of 300 yuan / ton. The mainstream price of Shanxi market was 2,242.50 yuan / ton at the beginning of the month and 2,560 yuan / ton at the end of the month, with a monthly increase of 14.16%.
On January 25, the coke commodity index was 134.38, unchanged from the previous day, decreased by 0.49% from the highest point of 135.04 (2018-09-13) in the cycle, and increased by 287.82% from the lowest point of 34.65 on March 3, 2016. (Note: period refers to 2011-09-01 to now).
Since the beginning of 2021, the coke market has continued to force the trend, with the overall strong operation as the main factor. This month, it has gone through three rounds of increase, with a cumulative increase of 300 yuan / ton. The three rounds of increase are relatively fast, mainly affected by the lack of effective relief of the tight situation of coke supply. At present, the profit of coking enterprises is relatively high, with a profit of nearly 1000 yuan / ton. Under the high profit, the coking enterprises are active in starting work, and the starting work is relatively high. Affected by the public health situation, transportation in some areas is limited. Shanxi, Hebei and other places changed the automobile transportation to fire transportation, and the transportation cost increased to a certain extent. The downstream steel plants in some restricted areas enter the overhaul. Although the overhaul enterprises are limited, it is expected that some enterprises will join the overhaul team in the future under the impact of the current tight coke supply and low profits of downstream steel plants.
Port: the two ports in Shandong are still in strong operation this month, and the price is stable temporarily after rising. As of January 26, the mainstream spot ex-warehouse price of port quasi first grade metallurgical coke was about 2,950 yuan / ton, and the price of first grade coke was about 3,050 yuan / ton. The inventory of the two ports decreased slightly, the supply of goods available for sale in the port was still relatively small, the 15th round of increase started, the downstream steel plants were restricted by profits and did not accept it for the time being, and coke steel continued to play the game.
In the future, SunSirs believes that the profits of downstream steel plants have been to the end in the near future, some steel plants have reported losses, some enterprises have entered the overhaul, and there is a demand for pre Festival stock in the industry near the new year, but the coke price is high recently, and the downstream procurement is slightly difficult. This round of coke steel game may last for a period of time, and the landing difficulty is greater than in the past. In the future, focus on the coke inventory of each link and the start-up of downstream steel plants.
