June 4,, commodity data providers-business club block list data shows, coke spot market since late February began to continue down 18 weeks, the current domestic market average price for coke 1775 yuan/ton, and the lowest since 2011, compared with 2011 the lowest price 1807.5 yuan/ton fell 1.80%.
Monitoring shows, since the 2011 since the last quarter, coke spot for running low, maintain 1800 yuan/ton shocks, in May 2012, a finally fell below the concussion line. So demand not beautiful, spot prices down continuously, has become a common phenomenon in the coke spot market. From 2012 years since late April, each big steel frequent purchasing price cut coke, coke spot prices fall sharply in futures, while at the same time appear multiple times for a small cut.
Business club energy bureau Lu coke analysts aimless think, coke excess capacity has been restricted factors of coke price deadly, also because of this, and the price of steel in the downstream game, the coke enterprises under demand by slump and steel prices keep falling situation, still very passive.
Yet, to a little sense of comfort coke enterprises is the upstream coking coal prices dropped recently appeared, the coke lower cost. Recent subject to the whole of the coking coal industry chain, falling prices fell back bigger, coke enterprises costs also have come down.
On the other hand, coke downstream of the steel market still recession, although steel in the traditional consumption busy season, but the price of steel downstream since mid-april fell into no signs so far channel reason. In poor endorsement deal, traders will order is not strong, customers are also the lack of willingness to store up goods, market confidence and relatively low popularity.
Lu aimless said, take the lead in baosteel in June on the introduction of the factory price display, except for the plank prices have come down outside, other products generally lasts for 5 months prices unchanged. This is for three consecutive months of baosteel most of the product price keeps plates, and part of the product prices began to drop, shows that the major steel is to lack of confidence. Steel is lack of confidence, of coke down strength don't reduce.
She thinks, from macro economic environment and steel industry chain char weak pattern of the bad factors will still dominant coke weak market late, the contradiction between supply and demand endorsement intensifies, steel mills of coke price down the same mentality and purchase is still cautious, not ruled out late spot prices fall modestly are still possible, but limited range
Other News:
Coke spot price for 18 weeks down low innovation
According to Hong Kong's political report, the London metals exchange (LME) 收购战
The steel market: careful by ＂discount＂ rebound
Luoyang steel trade association on bank-steel enterprises form
Policy needs to release will lead good endorsement upward
Weakening demand thwarted whole not optimistic upward endorsement
Alpha is not stop ＂jin jiuyin 10＂ can reappear?
On June 4, the western market inventory: look strong emotional stability to give
