Group 1 - The core viewpoint indicates that coke futures are experiencing a downward trend, with the main contract reported at 1444.0 yuan/ton, reflecting a decline of 2.04% [1] - The national independent coke enterprises' capacity utilization rate is at 75.23%, an increase of 0.18%, while the average daily coke production is 53.63 million tons, up by 0.13 million tons [2] - The total inventory of coking coal is 752.56 million tons, down by 22.61 million tons, with available days of coking coal at 10.6 days, a decrease of 0.34 days [2] Group 2 - China Shenhua reported a coal sales volume of 35.6 million tons in April, a year-on-year decrease of 4%, and a commodity coal output of 27.3 million tons, down by 3.9% [2] - The total power generation in April saw a year-on-year decline of 9.9%, while total electricity sales dropped by 9.5% [2] - Steel mills are planning to reduce coke prices by 50-55 yuan/ton, with the current ex-factory price of Shanxi premium dry coke ranging from 1430 to 1500 yuan/ton as of May 14 [2] Group 3 - The supply side is experiencing intensified competition between coke and steel, leading to a reduction in coke prices and a slight decrease in profit margins for coke enterprises [3] - Demand from steel mills is weakening due to reduced profitability, resulting in a slowdown in purchasing activity [3] - The average profit per ton of coke for 30 independent coking plants is reported at 7 yuan/ton, with expectations of a short-term price correction following the initial price drop [3]
焦炭首轮提降落地 期货盘面价格以震荡运行对待
Jin Tou Wang·2025-05-16 06:19