Jiao Qiu Mental State of Mind Improves, Raises Price

According to market news, the coke price of a large coke enterprise in Luliang, Shanxi, has been raised by 100 CNY/ton recently. After adjustment, the quasi-first-grade metallurgical coke price has been increased by 1950 CNY/ton and the high-sulfur coke price has been increased by 1800 CNY/ton. At the same time, the coke price of a large coke enterprise in Hebei Province also increased by 100 CNY/ton. Some steel mills said that they had received notification, but they mostly took a wait-and-see attitude towards it. Prior to September 16, the price of metallurgical coke in coke enterprises in Xuzhou, Jiangsu, had risen by 100 yuan per ton. After two rounds of reduction in coke price since late August, the overall profit of coke enterprises is under pressure, and there is strong resistance to further price reduction.

And domestic steel prices have rebounded sharply recently, steel enterprises'profits have been repaired obviously, the enthusiasm of raw material procurement has increased, and the willingness to suppress coke prices has slowed down.

In this case, the inventory of coke enterprises has changed from rising to falling, and the mentality has obviously improved. Some coke enterprises have begun to increase the ex-factory price of coke, but the market has not yet responded.

In view of this round of price increase, steel mills mostly said that they would not agree for the time being, mainly considering the current high-level operation of their own inventory, and the daily consumption will continue to decline in the middle and late ten days. Overall, the current coke supply and demand is somewhat loose, the price increase resistance is greater, or it is difficult to land.

According to the understanding of China Coal Resources Network, with the National Day approaching, steel mills in the northern region mostly consider blast furnaces or will limit production. For coke purchasing on demand, there is no obvious phenomenon of replenishment. Market participants are more pessimistic about the short-term market in the late period, mainly because the National Day is approaching, coke demand will shrink, and Coke will continue to operate in a weak position without a significant reduction in supply.

Coke supply continues to operate steadily, and some coke enterprises still have inventory to be consumed. The coke enterprises in the main producing areas started to work steadily as a whole, while the conventional production restriction of coke enterprises in Changzhi and Linfen areas of Shanxi continued, while the intermittent production restriction of individual coke enterprises in Taiyuan area due to environmental protection requirements had no significant impact on the overall supply of coke.

Fenwei Energy on September 16, 20 coking plants in the main producing areas were investigated, and the coke prices of coke enterprises in the main producing areas were temporarily stable.