In late October, the price of national secondary coke fell 47.5 CNY/ton

According to the latest data released by the National Bureau of statistics on November 4, in late October, the price of national coke (secondary coke) was 1685.8 CNY/ton, down 47.5 CNY/ton, or 2.7%, compared with the previous period, 2.6 percentage points higher than that in mid October. After the 11th long holiday, because the recovery rate of coking plant is faster than that of blast furnace, the supply and demand of coke is slightly loose, and the price of coke continues to be weak. From the beginning of the month, the price of coke in steel enterprises in the northern region increased and decreased by 50 CNY/ton, until now, the cumulative decline of coke price is 100 CNY/ton. According to the continuous tracking data of Fenwei's production, transportation and sales, as of November 1, the operating rate of 60 coking enterprises with 110 million tons of production capacity increased steadily and slightly this week, with a 1.14% increase in the weekly to environmental ratio. The coke inventory in the coke plant increased, and the weekly to ring ratio increased by 6.03%. The profit of coke enterprises increased slightly, and the weekly to ring ratio increased by 13.9%.

As of November 1, the quasi primary metallurgical coke index in Luliang, Shanxi Province was 1600 CNY/ton, which was the same as that in the previous period, with a decrease of 40 CNY/ton on a weekly basis; the quasi primary metallurgical coke index in Tangshan, Hebei Province was 1860 CNY/ton, which was the same as that in the previous period, with a decrease of 30 CNY/ton on a weekly basis; the quasi primary metallurgical coke index in Rizhao Port was 1770 CNY/ton, which was the same as that in the previous period. However, the inventory of downstream steel plants is still at the middle and high level, and the consumption inventory is the main factor for coke. In the later stage, with the coming of heating season, the downstream steel market will also turn to the off-season, so the demand for coke of steel plants has a trend of weakening. As of November 1, Mysteel counted the coke inventory of 110 sample steel plants in China as 4.5389 million tons, with a decrease of 32300 tons in the weekly to environmental ratio, an average available days of 15.05 days and a decrease of 0.07 days in the weekly to environmental ratio. Due to the weak market expectation, the downstream steel enterprises generally control the inventory, passively pull and transport, and the demand is weak. In terms of port inventory, the coke port inventory is still the highest in recent years.

As of November 1, the total inventory of the four ports is 4.488 million tons, with an increase of 40000 tons in the weekly to ring ratio. Among them, the coke inventory of Tianjin port is 363000 tons, that of Lianyungang is 75000 tons, that of Rizhao port is 1.64 million tons, and that of Qingdao port is 2.41 million tons. On the whole, the coke inventory is at the middle and high level, and the supply is relatively loose. After the heating season in November, the coke demand will be significantly weakened, so it is necessary to continue to pay attention to the changes in the inventory of steel coke enterprises. With the coming of the heating season, the policy of environmental protection and production restriction will be gradually tightened, the production restriction of steel plants will continue to be tightened, and the demand for Coke will continue to weaken; the supply of coke enterprises may shrink due to the impact of environmental protection and production restriction, but if the implementation of capacity reduction at the end of the year is not as expected, then the coke price will be difficult to rebound in the later period, but the profits of coke enterprises have been seriously compressed, and the general idea of continuous sharp decline will be continued The rate is not high either.