During last weekend, coke enterprises proposed the third round of increase of 200 yuan per ton. This Monday and Tuesday, the representative steel enterprises issued a new coke purchase price policy. So far, the third round of increase of coke price has settled within only a few days. Since entering January, coke has increased by 500-520 yuan per ton. The favorable conditions are: First, the southern steel enterprises have a replenishment demand; Second, in January, the crude steel production reduction policy was temporarily put to an end, and the enthusiasm of steel enterprises to start operation was improved; Third, before the end of the year, coke enterprises prepared coke coal, and coking coal prices are in the exploratory stage; Fourth, the profitability of the iron and steel industry is better than that of the coking industry. Positive supply and demand, coupled with strong cost support, led to an increase in coke prices. It is estimated that the coke is relatively strong in the short term, and even has the probability of pushing up. However, we also have to consider the influence of the approaching of the Chinese New Year, coupled with the uncertainty of the impact of the Winter Olympic Games and other factors.
Translated by editor
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