In February 2021, the coke market was stable before the festival and declined after the festival. The mainstream price of Shanxi market was 2660 yuan / ton at the beginning of the month and 2560 yuan / ton at the end of the month, with a monthly drop of 3.76%.

On February 28, the coke commodity index was 134.38, unchanged from yesterday, down 3.76% from the highest point 139.63 (2021-02-22) in the cycle, and up 287.82% from the lowest point 34.65 on March 3, 2016. (Note: period refers to 2011-09-01 to now).

In February, the coke market was stable as a whole before the Spring Festival, and mainly went down after the Spring Festival. In February, with the approaching of the Spring Festival holiday, the market has a strong festival atmosphere. Coke enterprises mainly digest inventory, and the overall price trend is stable. During the Spring Festival, the transportation capacity is limited to a certain extent, the coke delivery of coking enterprises is affected to a certain extent, and the inventory of coking enterprises in the main production areas of China increases slightly. After 15 consecutive rounds of increase in the early stage, the profit of coking enterprises has approached a new high in 10 years, and the profit of some specifications of products is nearly 1000 yuan. After the opening of the market, the downstream steel plants have been used to control the coke inventory at a reasonable low level. Most of the coke procurement is based on demand. The inventory of steel plants has rebounded compared with the previous period, and the overall supply of coke market has been slightly relaxed. Under the influence of traffic control in rainy and snowy weather in Shanxi and environmental protection control in Hebei, the coke inventory in these two areas rebounded significantly, and the inventory in the plant increased significantly. Then the first round of increase and decrease led by the steel plant started, and the coking enterprises did not do too much entanglement, and the first round of increase and decrease soon fell to the ground. In less than a week of the first round, some steel mills started the second round. At present, the game between coke and steel is in progress. At present, coke sales mainly flow to steel mills, and market traders’ purchase intention is weak.

Port: the market price of coke in Shandong Port and port is mainly downward this week, and the market atmosphere is weak as a whole. At present, the mainstream spot ex warehouse price of quasi first grade metallurgical coke is about 2730 yuan / ton, and the price of first grade coke is 2830 yuan / ton, which is reduced by 100 yuan / ton every week. Stocks in the two ports rose slightly. The port’s supply of goods for sale is still limited, the overall market trading is flat, and the market atmosphere is general. The price of port gathering was slightly inverted, which affected the enthusiasm of traders. In the future, we will focus on the implementation of the second round of lifting and lowering, as well as the start-up of downstream steel plants and coke inventory.

In the future, the business association thinks that the profits of coking enterprises are high while the steel mills are in a state of low profits, and the downstream steel mills have strong intention to suppress the price of raw materials. Under the situation that the current coke supply is slightly loose compared with the previous period, the voice of coking enterprises is weak. It is expected that the overall coke market will be weak in the near future, and the price still has some room for decline.

1、 Price trend

According to the data of business club’s block list, the market price of cryolite rose in February, with an average price of 6366.67 yuan / ton at the end of the month. Compared with the price of 5975.00 yuan / ton at the beginning of the month, the price rose by 6.56% in the month and 7.91% year-on-year.

2、 Market analysis

This month, the market of cryolite in Henan rose slightly, the demand of downstream aluminum industry increased, and the price rose, which is good for the cryolite market. The orders of cryolite enterprises are fair, and the downstream demand is general, mainly purchasing on demand. In terms of devices, the enterprises start up normally and the market inventory is sufficient. At present, the annual output of cryolite in Zhengzhou Zerun energy and Chemical Co., Ltd. is 10000 tons, and the devices start up normally. At present, the cryolite in Jiaozuo mingmingminli Industrial Co., Ltd. is in full load production, and the operations are normal. The annual output of cryolite in Zhengzhou Tianrui Crystal Technology Co., Ltd. is 30000 tons / year, and about 70% of the devices start up at present. By the end of the 26th, the ex factory price of cryolite in Henan was 5000-6300 yuan / ton, while that in Shandong was 5500-6800 yuan / ton. The manufacturers had a single talk, and the actual transaction price was flexible, with the specific focus on negotiation.

On the upstream side, the domestic fluorite market price rose slightly, but the overall increase was small. The average price of fluorite at the end of the month was 2761.11 yuan / ton, up 0.73% compared with the beginning of the month. Domestic fluorite manufacturers are operating stably. The start-up of mines and flotation units on the site remains at a low level. The fluorite supply on the site is slightly tight, and the market price rises slightly, which is good for the downstream.

3、 Future forecast

At present, the market of cryolite is in sufficient stock, and the manufacturers’ shipment situation is general. The demand of downstream aluminum industry is increasing, and the price is rising. The demand for cryolite is increasing. It is expected that the market of cryolite will rise slightly in the later period.