Seven rounds of coke lifting are fully implemented

Release time:

2024-04-11

Coke prices have been reduced for seven consecutive rounds, and profits of coke companies continue to shrink. Steel mills, with profits still not significantly improved and finished product prices continuing to fall, mostly purchase coke on demand, and coke operations are still weak in the short term.

Mainstream steel mills in East and North China have reduced coke purchase prices by 100-110 yuan/ton, and the seventh round of coke improvements has been fully implemented, with a cumulative decrease of 700-770 yuan/ton so far. At the same time, coke companies in many places continue to extend the coking time, and the entire industry limits production by 50%, adhering to the principle of "no production without orders, no sales without profits, and no shipments without payment."

Analyst’s view: Coke prices have been reduced for seven consecutive rounds, and profits of coke companies continue to shrink. Steel mills, with profits still not significantly improved and finished product prices continuing to fall, mostly purchase coke on demand, and coke operations are still weak in the short term.

Latest News

The operation of the steel industry in the first two months was divided

Crude steel consumption will fall by 2.8% in 2023. The continued decline in real estate will continue to weaken the role of driving steel demand. Although demand for infrastructure and manufacturing has increased, it is subject to high production capacity and terminal construction is lower than expected, suppressing the trend of steel prices. .

Data: National strip steel inventories continue to decrease

The total sample inventory of hot-rolled strip steel in major markets across the country is 1.0917 million tons, a decrease of 117,900 tons from last week, a decrease of 157,400 tons from the same period last month, and an increase of 287,100 tons from the same period last year.

National shipbuilding completion volume increased by 95.4% year-on-year

The industry predicts that the demand for ship steel will increase by 4.8% year-on-year in 2024, which is smaller than the growth rate in 2023. The volume of new orders may not be as high as in 2023, and the growth rate of related steel demand will fall back. The overseas shipping market has further tightened its green and environmental protection requirements, which will have a certain impact on the quantity and structure of shipbuilding steel.

Notice! The Steel Circle issues its latest initiative! Resist malicious competition!

The steel market has been declining rapidly recently, presenting a situation of "three highs and three lows" of high output, high costs, high inventory, low demand, low prices, and low efficiency. The steel market has experienced sharp fluctuations in the short term, and there is a phenomenon of chasing the rise and killing the fall, which is not conducive to the orderly and healthy development of the industry, and the cautious operating mood has not diminished.

The black crow reappeared, and the steel futures turned from rising to falling by 50 yuan

After a long period of decline leading the market trend, coke rebounded by 25 yuan in early trading today. However, it did not last long. In the afternoon, driven by the continued drive of iron ore, it finally returned to its original shape and ended with a drop of 15 yuan in late trading. The 09 contract increased its position by 346 lots throughout the day, and the downward trend has not changed. It is not ruled out that it will continue to fall next week.

Seven rounds of coke lifting are fully implemented

Tel : +86-021-56699652

WhatsApp : +86-18217048948

Wechat : 18217048948

Email :info@jngssteel.com

Address:Jinan City, Shandong Province, China