The second round of coke price increases, the total increase of 400 yuan to 460 yuan per ton

Our reporter Zhang Xiaoyu

On August 17, the domestic coke market was strong. The procurement price of some steel mills in Shandong was raised by 220 yuan/ton. As the mainstream steel factories in East China and North China received a 200 yuan/ton to 220 yuan/ton, the second round of coke was fully implemented. Raising 400/ton to 460 yuan/ton.

Hu Qimu, chief researcher at the Sinosteel Economic Research Institute, said in an interview with the Securities Daily reporter, "Although the steel price has rebounded in the near future, the profit of steel mills has improved, which drives the procurement needs of the coke. Looking at the stable growth pressure of the macroeconomic economic stability. In the second half of the year, the demand for steel products may have been difficult to change. Therefore, the willingness to re -production of steel mills is not strong, which will directly suppress the demand for focusing. Continue, the main thing is to look at the improvement of the demand in the lower reaches. "

Shen Enxian, a researcher at Galaxy Futures, analyzed that coke enterprises were faster than steel factories, and the rhythm of coke price increases slowed down. In the short term, the spot price increased by coke, and the trend in the medium term will not be changed.

As the downstream market of coke, the recent re -production of steel is expected to be fulfilled. According to the Sinosteel Association data, in July 2022, the focus of statistical steel companies produced a total of 65.1081 million tons of crude steel, a year -on -year decrease of 6.89%; the production of 60.859 million tons of producing iron, a decrease of 1.75%year -on -year; 64.337 million tons of steel production, a year -on -year decrease of 4.24%. In early August 2022, the average daily output of key steel companies rude steel was 1.943 million tons, an increase of 2.81%month -on -month; steel inventory was 17.053 million tons, an increase of 453,700 tons from the last ten ten (that is, at the end of last month), an increase of 2.73%.

He Wenbo, executive chairman of the Sinosteel Association, said that although the steel consumption will not improve significantly in the third quarter, it will show a gradual improvement on the basis of the second quarter. On the whole, the demand for steel in the second half of the year has gradually recovered, but the current economic operation of the industry is facing many difficulties and challenges, and future development is facing greater uncertainty.

Ge Xin, deputy director of Lange Iron and Steel Research Center, told reporters, "Due to the shock rebound of domestic steel prices a while ago, the profit of some finished materials continued to improve, and the re -production of steel mills was significantly enhanced. At the same time There are also requirements for early production, which also increased the demand for the storage of the steel mill to prepare the raw material side. The demand for coke that was suppressed in the early stage also measured, and the price increased. At the same time Therefore, the second round of coke is raising and landing. However, the rebound of domestic steel prices is obviously subject to the release of terminal demand. At present, short -term steel prices have a decline in adjustment, which also makes the profit that steel mills just improved. Once again, if the terminal demand is not as good as expected, the power of the continuous rebound of steel prices will be insufficient. Steel manufacturers will restrict the production again, and it will also reduce the demand of coke and suppress the price of coke. "

IPG China Chief Economist Bo Wenxi also told the Securities Daily reporter that "the second round of coke is due to the changes in the supply and demand market under the decrease of the industry's capacity and the increase in costs. The industry's operating status and profitability. However, due to the lack of production restrictions in the lack of demand due to the lack of production, the market demand for coke is generally lacking due to the lack of demand.

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