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Steel market "winter storage" to start the third round of coke rise and fall
Release time:
2023-12-27
The end of the year has arrived, and the annual "winter storage" in the steel market has also started one after another. A reporter from the Securities Times e Company learned from industry sources that due to the continuous increase in construction steel market prices since November, traders have expected a corresponding increase in this year's winter storage price.
At the same time, affected by the recent national rain and snow cold wave weather, coupled with relatively strong demand, upstream coke prices have also remained strong, the third round of overall price increases have landed.
The third round of coke lifting fluctuation
"It started to rise one after another around last Tuesday and didn't fully land until Tuesday. It took a long time." Referring to the recent coke industry's third consecutive round of rising, Zhuochuang Information Coke Analyst Gao said. At present, the coke market supply and demand pattern is tight, on the one hand, due to the early downstream steel demand is better; on the other hand, because of the low inventory of steel mills, in the winter storage mood to prepare for hoarding.
The recent cold wave rain and snow weather across the country has greatly affected the transportation of coke, especially the automobile transportation plate.
"Recently, the impact of coke steam transportation in Shanxi has reached 70% ~ 80%, making it more difficult for steel mills to replenish their warehouses." Fu high said.
Analysts of Shanghai Iron and Steel Union also mentioned that after the second round of increase in coke landing on November 28, on December 12, representative steel mills in Hebei and Shandong raised the purchase price of coke again by 100 yuan/ton ~ 110 yuan/ton, three rounds of increase, totaling 300 yuan/ton ~ 330 yuan/ton. At present, the third round of coke market has been fully implemented.
In the past two years, the steel coke market "Golden Nine and Silver Ten" peak season is not prosperous, the seasonal fluctuations of the industrial chain have weakened, and the overall demand has shown a stable trend.
"The overall trend of coke market price this year is before falling and then rising, but the average price is downward as a whole." Fu Gaoyi said that the domestic coke market price once fell sharply in April and May this year, and the overall market fluctuated and strengthened in the second half of this year.
As of December 13, the annual average price of Hebei quasi-first-class coke was 2254 yuan/ton, down 23.5 per cent from last year. Although coke prices rebounded in the second half of the year, coke companies are still in a loss-making state. It is estimated that the average loss of coke enterprises in Hebei in 2023 is 37 yuan/ton, which is in a state of slight loss.
In Fu Gao's view, at present, under the rhythm of winter storage, downstream dealers are in a better mood and are still in the process of continuing to replenish the stock. Coke market still has good support, short-term will remain strong pattern. At the end of the replenishment cycle, the market may shift to on-demand procurement.
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Steel market "winter storage" to start the third round of coke rise and fall
The end of the year has arrived, and the annual "winter storage" in the steel market has also started one after another. A reporter from the Securities Times e Company learned from industry sources that due to the continuous increase in construction steel market prices since November, traders have expected a corresponding increase in this year's winter storage price.
2023-12-27