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original title:[收盘评论]DCE market on August 6th: Bifocal refreshed its listing to record high, and coke companies started the second round of increase Source: Wenhua Finance
On Friday, the black system stabilized as a whole, and the futures prices mainly maintained a volatile operation trend, while the bifocal performance was on the strong side, breaking the record highs since its listing in the day.Coking coalThe 09 contract rose to a maximum of 2385.5 yuan/ton, a month-on-month increase of nearly 2%.CokeAt one time, it probed 3010 points, but failed to hold the round mark, and closed at 2980 yuan/ton in late trading.
The notice issued by the National Development and Reform Commission and the National Energy Administration recently required that Inner Mongolia, Shanxi, Shaanxi, Ningxia, Xinjiang and other five provinces and autonomous regions have completed extension procedures for 15 coal mines that have been suspended due to joint trial operation and agreed to joint trial operation. The time was extended by another year, and the signal of increasing coal supply was continuously released. However, the high-quality coking coal resources in the main producing areas are still tight, especially the high-quality coal stocks such as main coking coal and fat coal are low or even urgent. Huatai Futures commented that the current overall inventory of coking coal is low, and domestic production capacity is difficult to release due to the impact of environmental protection, security inspections and the epidemic. Imported Mongolian media and Australian coal are also difficult to increase significantly. The upstream coal source is relatively scarce, and the pithead price is strong, and rigid demand prompts Jiao enterprises are active in replenishment. This week, the coking coal inventory of the full-sample independent coking enterprises decreased by 486,100 tons to 14.046,300 tons, and the port inventory decreased by 285,000 tons. Overlapping steel mills and coal washing plants, coking coal inventory continued to hit a low level in more than three years. The price of coking coal in major cities across the country remained stable, but the price of main coking coal in Jingtang Port rose another 100 yuan to 2,350 yuan/ton.
Recently, the carbon neutrality correction sentiment has weakened, followed by the introduction of crude steel reduction policies in many places, and the crude steel reduction is expected to rise again. However, as shown above, coking coal cost support is strong, and part of the production restriction policy has limited the release of coke production capacity. This week, independent coking enterprises’ inventories decreased by 15% from the previous month. In addition, the torrential rain just ended and the epidemic hit again, resulting in the recent sluggish transportation of coke. Although the downstream steel products are actively purchased but the arrival situation is average, this has increased the market’s concerns about the supply of coke. After the first round of price increases, the market sentiment improved and steel mill profits rebounded. Yesterday, the coke enterprises in Taiyuan, Shanxi increased, and the price of coke in Dingzhou and Xingtai increased by 120 yuan/ton from August 6, 8 Starting at 0:00 on the 7th, a large coking company in Xuzhou, Jiangsu Province, raised the price of primary coke for dry quenching by 120 yuan/ton, and the coke price of coke production companies in Weifang, Binzhou, Dezhou, Jining, Zaozhuang, Heze, Rizhao, Taian and other places in Shandong Province On the basis of the original price, both are raised by RMB 120/ton. The off-season of steel demand will gradually end, and attention will be paid to the return of consumption intensity and the implementation of the policy of dual focus and dual control and steel production suppression.
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Editor in charge: Chen Xiulong
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