129798847775235000_101March output hit a record high of Coke price recently fell down
Yield data out with coke in March, futures prices of coke in the recent decline in a row. From the cultural index of Coke, coke prices from $ 2050/ton, fell back to 20,001 in a week, ending a contract-for-month of three Yang. 38.57 million tons of monthly production, an increase of 10.59%, hit a record high, compared to the37.97 million tons of the year June peak season, still good up to 600,000 tons of levels.
Excess supply, which is the reason why Coke prices continue upward. Over the years, the industry there is some consensus. First, the relationship between coke and steel prices higher, as soon as the steel price in the upward path
tera gold, the coke larger probability of price increases over the same period. Secondly, downstreamSteel price rise in demand for Coke, has the leading role. Throughout March and early April, overall to maintain sustained rises in steel prices, with screw-thread steel futures, for example, price/ton rising from $ 4,200 to 4,400 dollars/ton. Steel production rapidly rose over the same period, according to the March crude steel output up to $ 61.58 million tons, up 3.9%, also hit a record high, and CISA for early April average daily production is estimated to be 2.03 million tons, and since late June last year
tera gold, a record high.
In that case, why both Coke futures and the spot was always weaker shock, the price cannot be consistent with steel? Comparative data of the coke and steel is not difficult to find, although both on the output data hasRose, but the coke yield growth too quickly is the main reason, compared to the demand for steel, coke is still in a State of oversupply. As we all know, is more common because of the overcapacity in the coke industry and consumer demand for steel and the end of this year's expected more pessimistic, overall low coke production for the first two months. When the current steel demand appears strongPoint, coke enterprises take the opportunity to fully release capacity but capacity release too quickly, coke is still oversupply on the market. This inventory can be verified from Tianjin Port Coke, Tianjin Port in the near future inventory number has exceeded 1.7 million tons of Coke, inventory only 1.54 million tonnes in early March. As a major port for delivery of Coke, as well as of the country's most important transit point,Coke stock is significant in Tianjin Port, sharp growth in its fully validated the short-term supply of coke spot was on the high side of the facts. Due to the oversupply of Coke
tera power leveling, steel mills for Coke enterprises recent bargain purchases in the near future, tanggang, a number of large steel enterprises to purchase price down $ 20/ton of Coke, in the case of lack of bargaining power, coke enterprises can only receive the amount for the price of weak policies. ThisLed for nearly two months, price differences between coke and steel. Given the current season in steel production and marketing, lower inventories of steel products is constantly falling, makes the steel production will still maintain a high standard in the late, which makes steel Coke prices will still depend upon and mills in the late in the game. Early coke and enterprises are able to accept steel price by one of the main reasons is thatAnd since the beginning of March, coking coal prices fell in the upper reaches, making Coke enterprises from the profit perspective there is a space. However, as the Daqin line maintenance of April, now in port coal stockpiles are declining rapidly, late or coking coal prices will stabilise, it also makes Coke enterprises or in the game will be tough. So the probability of short-term coke spot prices fall againIs very low. Futures for Coke, Outlook or stopped falling, to shocks, industrial chain is still in the high season on the one hand, with the gradual consume coal and Coke stock prices rebound, coke enterprises for the production of Coke will be limited enthusiasm, coke supply and demand is expected to improve, to price support. The other hand, after big callback in a row, the futures priceOperation rebound momentum. To conclude, opportunities are falling out.
The other news around this topic
:
没有评论:
发表评论