China's coke market runs strongly amid brisk replenishment demand
China's coke market ran strongly on the back of strong restock of steel mills. Many producers lifted coke price, which has been accepted by downstream steel mills.
According to Fenwei monitoring data regarding coke, operating rates among coke plants increased last week while the number of days coke stocks could cover decreased at steel mills.
Considering generous profit, a large proportion of steel enterprises wished to store more cokes for future use.
In Hebei province, steel enterprises were not satisfied with current coke stocks volumes and they wished to replenish more.
One Tangshan-based coke producer lifted the offering price the Grade II coke with 0.7% sulfur, 13% ash and CSR 55 by 100 yuan/t to 2,330 yuan/t, ex-washplant basis.
He believed the impact of production curb was rather small and most steel enterprises maintained reasonable stocks, yet their acceptance degree regarding further inflation of prices is high for fear of poor weather conditions at later stages.
Another Tangshan-based coke producer offered the Grade II coke with 0.7% sulfur, 13% ash and CSR 55 at 2,300 yuan/t, ex-washplant basis.
He pointed out that primary coking coal supply was in shortage and price of washed coal from central Shanxi increased sharply, weighing down his purchases.
On December 22, Fenwei assessed the price of Luliang Quasi Grade I met coke (0.7% sulfur, 13% ash and CSR 60) at 2,150 yuan/t, flat from a week ago; that of Jinzhong Grade II met coke (0.8% sulfur, 13.5% ash and CSR 55) at 2,050 yuan/t, unchanged on the week as well.
Sources: sxcoal.com
Please Contact Us at：
admin@xindemarine.com
