Continue to expand! Coke Rising Range in the Third Round

[Shanxi] Today, the coke market as a whole shows a strong trend. With the good support of coke demand, the scope of the third round of increase continues to expand. Some coke enterprises in Hebei, Tangshan and Shandong have raised the coke price by 100 CNY/ton on the basis of the original price. At present, environmental inspection has limited impact on the start of coke enterprises in Shanxi, the overall inventory is at a low level, and the shipment is in good condition. Some terminal steelmakers in the north have received the upstream increase request, but have not responded at present. The coke market is expected to be strong in the short term. In the aspect of coking coal, affected by the coke price increase, coking coal prices in some areas continued to rise slightly by 20-30 CNY/ton. The demand for coal blending resources is good and the quotation is rising. 1/3 coke S0.9 is 1390 CNY/ton, S0.5 lean coal 1360 CNY/ton and S0.5 main coke 1620 CNY/ton in Linfen area. All of them are duty-bearing acceptance prices. Short-term coking coal price or continue to run steadily, moderately and strongly. In the short term, the downstream coke market is strong, and the post-coal market is optimistic.

The quotation of coke in Shanxi is as follows: 1 900 CNY/ton for Taiyuan quasi-one coke and 1 950 CNY/ton for first-class coke; 1 900-1950 CNY/ton for Linfen quasi-one coke, 1 2100 CNY/ton for first-class coke and 2 270 CNY/ton for first-class dry quenching; 1 880-1950 CNY/ton for Luliang quasi-one coke and 2 050 CNY/ton for first-class coke; 1 900-1950 CNY/ton for Yuncheng quasi-one coke and 1 950 CNY/ton for first-class coke; 1 950-2 000 CNY/ton for Changzhi quan-one coke; Jinzhong Junyijiao 1 900-2 000 CNY/ton, all factory acceptance includes tax.

[Hebei] The coke market in Tangshan was running strongly on the 20th. The local coke enterprises have low inventory, smooth shipment, and generally increased by 100 CNY/ton. No reply has yet been received. Most downstream steelmakers have been notified of the increase and have not yet accepted it. After the increase, secondary coke A13.5, S0.8, CSR58 2090-2110, A13, S0.7, CSR55 2140-2150; quasi-primary coke A13, S0.7, CSR60-63 2170-2220, all accepted the factory tax price.

[Inner Mongolia] The overall price of metallurgical coke in Wuhai and its surrounding areas of Inner Mongolia is stable today. Affected by last Friday's Shanxi coking and today's third round of coke raising by a representative of Hebei, with a range of 100 CNY/ton, coke enterprises in Baotou, Wuhai, Qipanjing, Alxa League, Wulat Zhongqi, Chifeng and other production areas have increased their quotations for coke land sales by 100 CNY/ton. Now Baotou Quan reports 1970-2000, Wuhai Quan reports 1910, secondary S0.8 reports 1850, Chifeng secondary S0.8 reports 2030. Above all are acceptance tax ex-factory prices. In the situation of two booms in supply and demand, there is a sustained increase in expectations, plus the previous two rounds of price increases from the rise to the implementation of fast and smooth. It is imperative for Jiao enterprises to promote the third or fourth round of market rise. Up to the date of publication, a steel plant in Tangshan District of Hebei Province has accepted an increase of 100 yuan per ton from downstream users. Mainstream representative steel mills have not yet responded to this. Some people in the industry are worried about the high inventory of port coke and the terminal demand of finished steel products. In the short term, the coke price in Inner Mongolia is generally strong, and the market is in a strong wait-and-see situation.

[East China] Today, the coke market in East China is running stronger, and the bullish mentality of the coke market is stronger. According to the current situation of coal and coke steel market in Shandong Province, the ex-factory price of metallurgical coke of coke production enterprises in Zibo, Weifang, Binzhou, Dezhou, Linyi, Liaocheng, Jining, Zaozhuang, Heze, Rizhao, Tai'an and other places has increased by 100 CNY/ton on the basis of the original price. At present, the information of increasing coke price in some areas has been released. From the inventory data, some mainstream steelmakers in East China have low inventory, the demand for coke replenishment is still in existence, coke shipments are good in coke enterprises, there is generally no inventory or low inventory, the bullish attitude towards coke aftermarket is strong, the main coke stocks in Shandong are high, the pressure of coke shipment from traders is high, and the port coke stocks have not declined. At present, the coke market bullish sentiment in East China has risen due to the impact of many coke price increases. Follow-up attention should be paid to the response of steel mills to the coking increase.