Coke rises and falls 100 times while coke coal rises slightly

By the end of the week, domestic coke prices were running steadily for the time being, and the scope of the first round of increase in coke prices was widened.

According to the current situation of coal-coke steel market change, since 0:00 on July 20, the output price of metallurgical coke of coke production enterprises in Inner Zibo, Weifang, Binzhou, Dezhou, Linyi, Liaocheng, Jining, Zaozhuang, Heze, Rizhao and Tai'an of Shandong Province has increased by 100 CNY/ton on the basis of the original price.

With Yongfeng of Laigang accepting a round of coke price increase, more steel mills will accept the price increase in the later period, so that the coke price rise will fall to the ground in an all-round way. It is understood that some steel mills in Shanxi have also accepted the first round of increase. Shanxi coke enterprises in the upper reaches are limited by environmental inspection, but the impact of the Second Youth Congress on the production of Shanxi coke enterprises will gradually emerge in August. At present, the bullish mood of coke market is high. Following the increase of coke prices in Jiangsu, Shandong and Shanxi multi-site coke enterprises, a mainstream coke enterprise in Hebei also raised coke prices by 100 CNY/ton, and some steel mills said they did not accept it for the time being. Weifang and Linyi coke enterprises in Shandong Province have strict production restrictions and short-term production is limited. Some coke enterprises in Linyi will be shut down at the end of the month. Later production will continue to decline, while Hebei and Shaanxi coke enterprises have recently increased production. Inventory of downstream steel mills is relatively high. Some steel mills have reduced their inventory due to limited arrival. However, the August production restriction policy of Hebei steel mills is not clear yet, and the overall demand for coke is still weak. Some steel mills have said that they will not accept the increase for the time being. Overall, the supply and demand of coke market is in a relative equilibrium state, and the steel coke is in a continuous game.

As for coking coal, the coking coal market has been running steadily. Recently, with the stabilization of coke price, the slowdown of coke enterprises on the price of coking coal, the output of coal mine has increased, the demand for low-sulfur coke has been stable and the preference for low-sulfur coke has been moderate. Individual overshoot resources in Changzhi have increased slightly by 20 CNY/ton, low-sulfur coke in Anze has increased by 20-30 CNY/ton, and some coke blending has been carried out. Due to the reasonable inventory in coke enterprises, the purchase volume is difficult to increase significantly in the short term, but the downward air space is gradually narrowed, and the mainstream coal enterprises are mostly competitive, while other types of coal are temporarily stable.

Environmental protection boosts, demand improves, coke price increases begin to fall gradually, coke price increases fall, coke profits begin to improve, the strength of coke crushing in the later period will be weakened, it is expected that short-term coke price or stable medium-strong operation.