Hunan metallurgical coke: coke enterprises have no intention to raise the price

Today, the coke market in Hunan Province is running smoothly. The local steel mills raised the purchase price of coke by 50 CNY/ton on the 1st and 3rd, respectively. Some of the oversold prices have been restored to the current price after the first round of increase. At present, there is no intention of coke rising in the province. Now, the tax inclusive price of quasi primary metallurgical coke to the plant in Xiangtan area is 1850 CNY/ton, and that of secondary metallurgical coke to the plant in Lengshuijiang area is 1770 CNY/ton. Coke enterprises in the province mainly supply local steel plants, with weak bargaining power and steel plants' willingness; the first blast furnace of Xiangtan Steel Plant is in the maintenance state for two months, and the rest is in normal production state. After the steel plant agreed to the first round of price increase, the coking delivery attitude was positive, and individual steel plants responded, so the overall delivery speed needed to be controlled. The coke delivery volume was far greater than the consumption, so it was temporarily in a wait-and-see situation. Shanxi and Hebei started the second round of calls for price hike. At present, the local steel plants have not received the letter of coking price hike. Considering the existing stock of steel plants, the probability of price stability in the province is high in the short term.