SunSirs: The Fifth Round of Rising in Coke Market was Stranded (May 10-17)

https://www.chemnet.com   May 20,2024 SunSirs

　　According to the commodity market analysis system of shanghaishe, the coke market in Shanxi was temporarily stable from May 10 to May 17, 2024. As of May 17, the ex factory price of quasi first grade metallurgical coke was 2,063.33 RMB / ton, which was temporarily stable.

　　Upstream market: the trend of coking coal market was relatively stable last week. In terms of supply, the mining area started construction recently, and the recent sales situation was relatively stable. In the downstream, the recent procurement was cautious, and the inventory in the mining area increased. This week, the bidding situation was weak, the transaction price fell, and some of the auction phenomenon appeared.

　　Last week, the coke market was temporarily stable, and the fifth round of rising was stranded as a whole. In terms of supply, after the four rounds of increases, the start-up of coking enterprises has rebounded significantly. The supply of coke is looser than that in the early stage, and the inventory in the plant is running at a low level. However, the price of raw coking coal has fallen recently, and the overall mentality of coking enterprises is weak. On the demand side, the finished product price has declined as a whole recently, the steel plant has poor profits, and the purchase of raw coke has been postponed. At present, the stock replenishment is maintained on demand. In the future, the price of raw materials fell, the supply of coke resumed, and the downstream procurement slowed down. It is expected that the overall operation of the coke market will be weak in the short term. In the future, we need to focus on the changes in the coking coal and finished products market.

　　The coke market in Shandong port is weak, and the port market price is slightly reduced. With the weak market trend, the enthusiasm for port gathering is low, and the inventory of the two ports has changed little recently. The market trading atmosphere is weak, and the wait-and-see atmosphere is strong. Freight is a barometer reflecting the mentality of the port market. When the mentality of port procurement is positive, freight increases. The port mentality is wait-and-see, and the freight price declines when the purchase intention is low. The overall market atmosphere was stable this week, and freight prices remained temporarily stable.

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