Tight supply coke export price keeps rising

The export price of coke continued to rise last week due to strict environmental protection restrictions in Shanxi, Hebei, Xuzhou and other major producing areas, a 3-50% reduction in capacity utilization rate, and a decrease in the inventory of major domestic ports. On December 12, the export FOB price of quasi first grade coke (CSR 62) rose 2.45 USD / ton to 276.45 USD / ton on a weekly basis, and the export FOB price of first grade coke (CSR 65) rose 1.85 USD to 287.85 USD. It is reported that the capacity utilization rate of coking plants in some parts of Shanxi Province is less than 70%, while that of Xuzhou coking plant only maintains 50%. Production restrictions may continue into late January. Rizhao and Dongjiakou port stocks continued to decline, with a total of 100000 tons to 3.64 million tons falling last week, mainly due to the increase in domestic steel plant purchases, but the export demand did not improve significantly. The ex warehouse duty price of quasi first-class port of domestic port increased to 1900 CNY/ton, and the price of first-class coke increased to 2000 CNY/ton. Last month, the export volume of domestic coke was 323000 tons, and the cumulative export volume from January to November was 5.76 million tons, a year-on-year decrease of 33%.