1、 Price trend

On May 21, the coke commodity index was 84.69, unchanged from yesterday, down 37.29% from 135.04 (2018-09-13), the highest point in the cycle, and up 144.42% from 34.65, the lowest point on March 3, 2016. (Note: cycle refers to 2011-09-01 to now).

2、 Trend analysis

Price: according to the data monitoring of business agency, the price of domestic coke market is stable this week. As of Friday, the mainstream price of secondary metallurgical coke in Shanghai was 1780 yuan / ton, and the mainstream price of quasi primary metallurgical coke was 1840 yuan / ton; the mainstream price of secondary metallurgical coke in Xuzhou was 1750 yuan / ton, and the mainstream price of quasi primary metallurgical coke was 1810 yuan / ton; the mainstream price of secondary metallurgical coke in Weifang, Shandong Province was 1740 yuan / ton, and the mainstream price of quasi primary metallurgical coke was 1800 yuan / ton; the mainstream price of secondary metallurgical coke in Taiyuan, Shanxi Province was 1640 yuan / ton, and the mainstream price of quasi primary metallurgical coke was 1810 yuan / ton The mainstream price of primary metallurgical coke is 1690 yuan / ton; the mainstream price of secondary metallurgical coke in Mudanjiang, Heilongjiang is 1680 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1740 yuan / ton; the mainstream price of secondary metallurgical coke in Shenyang, Liaoning is 1710 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1770 yuan / ton; the mainstream price of secondary metallurgical coke in Pingdingshan, Henan is 1740 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1840 yuan / ton; Hebei Province The mainstream price of Tangshan secondary metallurgical coke is 1730 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1780 yuan / ton; the mainstream price of Tianjin secondary metallurgical coke is 1750 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1850 yuan / ton; the mainstream price of secondary metallurgical coke in Panzhihua coke market in Sichuan is 1780 yuan / ton; the mainstream price of secondary metallurgical coke in Liupanshui coke market in Guizhou is 1920 yuan / ton; the mainstream price of Ordos coke market The main price of secondary metallurgical coke is 1400 yuan / ton. Port trade (both of which are acceptance and closing price including tax) is about 2000 yuan / ton for the first grade metallurgical coke, 1900 yuan / ton for the quasi first grade metallurgical coke and 1800 yuan / ton for the second grade metallurgical coke.

Product: Rizhao Iron and steel raised the purchase price by 50 yuan / ton again on 19th of this week, which opened the second round of price increase in this month. In addition to the reduction of coke enterprises in Shandong and Shanxi due to their own factors, the profits of coke enterprises in other regions were fair and the operating rate was positive. Affected by the pressure relief task, most coke enterprises in Shandong Province have limited production by about 30-50%, and the rest are planning to limit production, which has a certain impact on the later supply. In addition to Yuncheng and Xiaoyi areas in Shanxi Province, affected by production restriction and environmental protection, the supply decreased. The rest of the areas started work temporarily, with good sales and low inventory. As of Friday, the quasi first-class wet quenching coke in Shanxi Province reported about 1600-1700 yuan / ton. In terms of demand, the start-up of downstream steel plants has increased slightly recently, and the demand for coke has increased slightly. In terms of port operation, the price is stable and the transaction is limited. The price of quasi first-class coke is mostly about 1770-1780 yuan / ton, so traders are cautious.

3、 Future forecast

In the future, the business community thinks that the current demand for coke market is acceptable, and the limited production of coke enterprises in some regions has a certain positive support for the market. The rigid demand of downstream steel plants is increased, and it is expected that the coke market will still operate stably, moderately and strongly in the short term.