Business Club July 14th Coke main 1109 contract opened slightly higher at 2,304 yuan/ton in early morning on the 13th, opened higher after falling back, maintaining a narrow range above 2300 line throughout the day, the highest intraday 2,313 yuan/ton , the lowest 2,300 yuan / ton, to close at 2,310 yuan / ton, compared with the previous day (12th) settlement price rose 11 yuan / ton, volume 5,688 hands, 12,648 hand positions, minus 800 hand.
In terms of industry news, the Ministry of Industry and Information Technology released an announcement on the 10th, saying that it has recently decomposed the industrial industry's elimination of targets for backward production capacity in 2011 and reached various locations. Among them, coke involved production capacity of 19.75 million tons, involving 87 companies and 20 provinces. It is worth noting that, compared with the coke industry's efforts to eliminate backward production capacity, the pace of expansion is clearly faster. According to the rough statistics of the China Coking Industry Association, in 2010, China's new coke ovens were put into production with a total capacity of approximately 33.71 million tons. In the same period, the elimination of 14,955,000 tons of coke from the phase-out and shutdown of Beijing Shougang Group in 14 provinces and regions has exceeded the national regulatory target.
In the spot market, the recent metallurgical coke market in Hebei Province has been operating smoothly. Due to the short-term warming of the steel market, the market demand for the reduction of coke prices by steel mills has subsided somewhat. At present, the coking plant shipments are relatively stable. In Hebei Province, the taxable price of A<12.5S<0.65CSR55-64M8-10 quasi-primary metallurgical coke is maintained at 1950-1970 yuan/ton in the previous period.
In terms of upstream raw materials, today's Shanxi coking coal V: 23%, A <10%, S <1.3%, G> 80%, Y: 18 offer 1,520 yuan / ton, unchanged from yesterday. In the international market, the price of imported main coking coal in Australia is 225 US dollars per ton, and the transaction volume is less. In terms of downstream steel procurement, the purchase price of Tianjin Iron and Steel Metallurgical Coke was 1,950 yuan/ton, and secondary metallurgical coke in Hebei Province (A<13%). The above price was the factory acceptance price.
Due to the short-term warming of the steel market, the declining trend of coke was suspended. The coking coal market has sufficient supply of stable prices, and the coke price will form a certain support. In the short term, the metallurgical coke market will remain weak and wait and see. From a technical point of view, the overall performance of the commodity market has risen steadily this time, driving the 1109 contract of coke mains to stabilize, with the price slightly rising at the bottom. However, as a whole, the weak situation does not change, and the quantity can be reduced more severely. It may be possible to continue to oscillate around the 2300 line tomorrow, and it is advisable to buy low-above and low-suction operations.
In terms of industry news, the Ministry of Industry and Information Technology released an announcement on the 10th, saying that it has recently decomposed the industrial industry's elimination of targets for backward production capacity in 2011 and reached various locations. Among them, coke involved production capacity of 19.75 million tons, involving 87 companies and 20 provinces. It is worth noting that, compared with the coke industry's efforts to eliminate backward production capacity, the pace of expansion is clearly faster. According to the rough statistics of the China Coking Industry Association, in 2010, China's new coke ovens were put into production with a total capacity of approximately 33.71 million tons. In the same period, the elimination of 14,955,000 tons of coke from the phase-out and shutdown of Beijing Shougang Group in 14 provinces and regions has exceeded the national regulatory target.
In the spot market, the recent metallurgical coke market in Hebei Province has been operating smoothly. Due to the short-term warming of the steel market, the market demand for the reduction of coke prices by steel mills has subsided somewhat. At present, the coking plant shipments are relatively stable. In Hebei Province, the taxable price of A<12.5S<0.65CSR55-64M8-10 quasi-primary metallurgical coke is maintained at 1950-1970 yuan/ton in the previous period.
In terms of upstream raw materials, today's Shanxi coking coal V: 23%, A <10%, S <1.3%, G> 80%, Y: 18 offer 1,520 yuan / ton, unchanged from yesterday. In the international market, the price of imported main coking coal in Australia is 225 US dollars per ton, and the transaction volume is less. In terms of downstream steel procurement, the purchase price of Tianjin Iron and Steel Metallurgical Coke was 1,950 yuan/ton, and secondary metallurgical coke in Hebei Province (A<13%). The above price was the factory acceptance price.
Due to the short-term warming of the steel market, the declining trend of coke was suspended. The coking coal market has sufficient supply of stable prices, and the coke price will form a certain support. In the short term, the metallurgical coke market will remain weak and wait and see. From a technical point of view, the overall performance of the commodity market has risen steadily this time, driving the 1109 contract of coke mains to stabilize, with the price slightly rising at the bottom. However, as a whole, the weak situation does not change, and the quantity can be reduced more severely. It may be possible to continue to oscillate around the 2300 line tomorrow, and it is advisable to buy low-above and low-suction operations.
Yuhuan Jiaodu Valve Co., Ltd. , http://www.tz-valve.com