Xuyang Coke Price Increased by 100 CNY/ton

According to market information, Xuyang plans to raise coke price by 100 CNY/ton, after the increase, quasi-first-grade Coke will be 1990 CNY/ton, and second-grade Coke will be 1960 CNY/ton, all of which will be accepted by factory with tax price, and will be executed at 0:00 on August 6. In addition, a large coke enterprise in Lvliang increased by 100 CNY/ton, after which the quasi-first-class coke spot exchange rate was 1880 CNY/ton, which will be implemented from 0:00 on August 6, 2019.

Recently, after the first round of adjustment and increase in coke market was gradually implemented, the second round of increase was initiated by Shanxi Luliang Coke Enterprise. The price of Xuzhou, Jiangsu Province, has also risen by 50 yuan per ton due to the problem of production restriction. At present, the average daily output of coke is estimated to be 19,000 tons. At the same time, the production restriction in Tangshan began again. Due to the impact of futures, traders' mentality has weakened and port inventory has decreased. It is noteworthy that coking enterprises have short-term demand for coking coal replenishment. First, production monitoring: sample point weights start-up cycle decreased by 3.58%, maintaining a relatively low level, individual coal mines due to underground overhaul affect sample point weights start-up; second, coal mine inventory monitoring: raw and refined coal inventory cycle ratio decreased by 2.05% and 3.56%, maintain low level operation, inventory decline continues to expand; Inventory monitoring of coking plant: the available days increased by 1.46% annually, coke enterprises began to replenish warehouses appropriately, and the stock of raw coal in coking plant increased for two consecutive weeks. Market news shows that since 13:00 on August 4, a new round of production restriction has been carried out in Tangshan Iron and Steel Company, and coking enterprises will prolong coking time and release time to be notified separately. At present, although the BF production is limited at some time, the actual downstream steel stock is still higher than before, and the steel price operates under pressure. Although the second round of coke increase is somewhat laborious, with the reduction of coke enterprise start-up inventory, the possibility of large-scale landing is greater.