SunSirs: Balanced Supply and Demand, China Coke Market Prices are Stable

https://www.chemnet.com   Dec 12,2024 SunSirs

According to the Commodity Market Analysis System of SunSirs, on December 11, 2024, the coke market in Shanxi Province remained stable with an average price of 1,725 RMB/ton. The price of metallurgical coke in Shanxi Province has declined with an average price of 1,900 RMB/ton. Currently, the coke market price is running steadily without significant changes.

Market analysis

Market wise: The overall operating rate of the coke market is stable, but some enterprises have accumulated inventory and are slowly consuming. The upstream cost side is not well supported, and the current profit is still acceptable. The production attitude of enterprises is positive, and the supply side is relatively sufficient and stable. In terms of demand, the downstream overall atmosphere for coke procurement is still acceptable. The first round of coke price reduction and replenishment mentality is obvious, and the procurement mentality is positive. Overall, the supply and demand of the coke market are balanced.

In terms of price, the current price for first grade wet quenched metallurgical coke is 1,500 RMB/ton, the price for first grade dry quenched metallurgical coke is 1,760-1,825 RMB/ton, and the price for first grade dry quenched metallurgical coke is 1,860-1,880 RMB/ton, all of which are ex factory prices including tax. On December 11th, the price of coke powder in the Heze market was relatively strong, and the mainstream dry quenched factory price of coke powder in the local market is 1,240 RMB/ton including tax in cash. On December 11th, the price for metallurgical coke in the Yichun market is temporarily stable. The current price for first grade metallurgical coke is 1,830-1,900 RMB/ton, and the price for second grade metallurgical coke is 1,750 RMB/ton, both of which are ex factory price acceptance including tax.

The coke analyst from SunSirs believes that the coke market is currently in a state of consolidation.

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