SunSirs: The Second Round of Coke Increase was fully Implemented on August 10

According to the price monitoring of SunSirs, on August 10, the price of primary metallurgical coke in Shanxi was 2,774 RMB/ ton and that of secondary metallurgical coke was 2,718 RMB/ ton.

The spot market is dominated by the temporary stable operation after the price rise yesterday. The second round of increase has been fully implemented. At present, the two rounds of increase have accumulated 240 RMB/ ton. The coking enterprises have a good mentality and their profits have recovered compared with the previous period. At present, the production is generally active and the inventory in the plant is generally low. Some downstream steel mills resumed production, the demand for coke recovered, the inventory in the plant returned to a low level, there was a demand for replenishment, and the purchase intention rebounded.

The coke market price of Shandong and Hong Kong increased slightly today. At present, the mainstream spot exchange delivery price of quasi primary metallurgical coke in the port area is about 2,900 RMB/ ton, and the price of primary coke is 3,000 RMB/ ton, up 30 RMB/ ton compared with the price the day before yesterday. The inventory of the two ports decreased again. Boosted by the two rounds of market increases and the strong trend of futures, the current mentality of traders is good and the mood of gathering in Hong Kong is restored, purchase actively.

In the future, SunSirs analysts believe that coking enterprises have a strong price support mentality, and the downstream steel mills have a demand for replenishment. It is expected that the coke price will be stable and strong in the short term.