SunSirs: The First Round of Price Increase of Coke Market Opened on June 23

　　On June 23, the first round of price increase in some areas of Shandong and Hebei started. The mainstream steel plants in other areas have not responded yet. According to the price monitoring of SunSirs, the price of primary metallurgical coke in Shanxi was 2,650 yuan / ton on June 23, and the price of secondary metallurgical coke was 2,600 yuan / ton.

　　At present, the overall start-up of coking enterprises is still at a high level, the sales is good, the storage of high-quality coke continues to be low, and the supply is tight. In terms of downstream steel plants, most steel plants have the intention to increase storage. At present, the overall operating rate of steel plants remains high and stable, and the coke demand is well supported.

　　The coke market prices of the two ports in Shandong Province ran smoothly yesterday. At present, the mainstream spot ex-warehouse price of quasi first-class metallurgical coke in the port area is about 2,800 yuan / ton, and the price of first-class coke is 2,900 yuan / ton. The inventory of the two ports continues to decline, the source of goods available for sale in the port is low, the market wait-and-see atmosphere is strong, and there is no port gathering plan for the time being.

　　SunSirs analysts believe that the current supply of coke market is tight, and the price of upstream coking coal is high, which has strong support for the cost of coke. It is expected that the price of coke will be strong in the short term in China. In the future, we will focus on the coke inventory, as well as the impact of recent local environmental protection policies on the upstream and downstream operating rates.