Overall stable operation of coal and coke market in South China

Today, the coal and coke market in South China is in stable operation, and the steel works are in normal operation as a whole; during the Spring Festival, the metallurgical coke storage and available days of the steel works in South China are in a small decline. Due to the long-term cooperation between steel plants and coke enterprises in South China, the monthly orders are relatively fixed, and the port inventory is at a high level in 2019, currently the metallurgical coke inventory of steel plants in South China maintains a normal and sufficient level as a whole, which has little impact on production in the short term. However, the accumulated speed of steel stock after the festival is faster, and the sales end face is facing greater pressure. In the later stage, we still need to focus on the development of the epidemic situation; at present, it seems that the proportion of blast furnace production reduction in South China is relatively small, but the stock of raw materials is declining and the backlog of finished materials is under great pressure, which is not optimistic about the future of steel. If the epidemic does not improve, the blast furnace production is expected to reduce passively. In a word, in the short term, the coal and coke market in South China will maintain stable operation.