According to the monitoring of business agency, the average price of coking coal in North China on August 11 was about 1353.33 yuan / ton, down 0.25% from July 1 and 15.33% from last year. The price of coking coal is mainly weak and stable.
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The commodity index of coking coal on August 10 was 99.88, unchanged with yesterday, down 17.81% from 121.53 (March 12, 2019), and 122.40% higher than the lowest point of 44.91 on January 28, 2016. (Note: period refers to 2012-09-01 to now)
According to the business agency, the production of coking coal plant is normal, the start-up load is general, the downstream wait-and-see mood is relatively strong, the enterprise shipment is slow, the enterprise inventory is high, the overall coking coal price is mainly weak and stable, and the coking coal price still has a downward trend under pressure.
Demand: the coke market is running stably for a while, with a positive market mentality. The overall shipment situation of coking enterprises is good, the inventory of coke enterprises is low, and the market atmosphere is good. Recently, the profits of coking enterprises are good, and the environmental protection policies are relatively improved compared with the previous period. The coking enterprises have a high enthusiasm for starting work, the operating rate has been improved, the coke supply is stable, the coking enterprises are actively shipping, the downstream steel mills are starting higher, the coke inventory is higher, the demand for coke carbon is better, and the market is generally optimistic about the future market. In recent years, the port has high enthusiasm. The mainstream quotation of quasi grade I metallurgical coke is 1870-1900 yuan / ton, and the transaction price is about 1870 yuan / ton. Shandong Port coke spot operation is stronger, trade price temporarily stable, port inquiry pallet increase, no transaction. In terms of inventory, there are 230000 tons in Tianjin port this week, about 10000 tons lower than last week, and 980000 tons in Rizhao port this week, down 35000 tons compared with last week.
According to the coking coal analysts of the business society, the current coke price is mainly weak and stable temporarily, and the coking coal price is mostly purchased on demand. The downstream coke steel game continues to be white hot, and the coking coal inventory is still large. Under the general purchasing rhythm of the downstream coke enterprises for coking coal, the coking coal inventory is still high. The comprehensive forecast of short-term coking coal price or weak operation depends on the downstream market demand.
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