The operating rate of coke enterprises continued to rise this week

The operating rate of coke enterprises continued to rise this week. With the continued weakening of coking coal prices, the profits of coke enterprises have been significantly improved. The enthusiasm for production in various regions has been relatively high. Environmental protection policies are still loose. Shandong Century Tongtai 600,000 tons has been shut down this week; coke stocks of coke companies continued to decline this week, downstream demand is good, high speeds are about to resume tolls, coke companies have a high enthusiasm for shipments, and the probability of coke increase will be postponed to continue to promote after the holiday. In terms of coking coal, the price of coking coal continues to weaken. Due to the accumulation of coal stocks, the prices of clean coal for some coal types have fallen by 40-80 yuan / ton, and the raw coal has fallen by 30-40 yuan / ton. After the drop, sales have not seen a fundamental improvement. Short-term coking coal spot Prices may still be weak.

Port coke stocks have risen significantly, high-speed tolls are about to resume, coke companies are actively shipping, and traders are still purchasing cautiously. At present, port trading resources are quasi-one coke and are currently remitted from the warehouse. The ex-factory cash quoted price is RMB 3090 / ton. The profits of steel mills are relatively stable and the blast furnace operation continues to pick up. Demand has some support. Regarding the rise of individual coke enterprises, steel mills are mostly on the sidelines, and no steel mills have accepted them.

On the whole, the coke supply end construction continues to rise, the demand end steel mills continue to rise, the downward pressure on coke is relatively small, and the coke rise support is also slightly insufficient. The positive factors caused by high-speed tolls need to continue to be promoted after the festival It is expected that the short-term coke spot price will temporarily stabilize, and we still need to continue to pay attention to changes in inventory and steel prices in all links.