Recently, a number of coke coke companies have issued a letter of price increase. In terms of futures, the main coking coal contract rose from the lowest of 1,400 yuan per ton on April 1, once rose to the highest of 1,889 yuan per ton, an increase of over 34%, and the increase in coke main contracts also reached 27%. What happened to the coke coke industry?
In a coking coal enterprise in Shanxi, the person in charge of the enterprise introduced that in the near future, the price of coking coal has risen and the profit of enterprises has improved, but the daily coal mining is still performed as planned. At present, the monthly coal production is about 2.8 million tons. Due to the strong demand for downstream customers, the inventory of enterprises continues to decline.
Since 2024, coking coal prices have shown a “V” shape as a whole. At the beginning of the year, the futures price remained around 1700 yuan per ton, and the rebound was out after the bottom of April. From the lowest of 1400 yuan per ton on April 1, it once rose to the highest 1,889 yuan per ton on May 7, with a maximum increase of over 34%. People in the industry said that coking coal is mainly used for iron purging in blast furnaces, and the price depends on the prosperity of downstream steel companies.
Data show that in the second and third week of May, the average daily iron water output of 247 steel plants was 2.345 million tons, an increase of 38,300 tons. The improvement of iron water output drives the demand for coke coke. In terms of supply, the mining of coal mines is strictly planned in accordance with the plan. In addition, the cost of new ore is high, the construction and production cycle is long, and the industry is more difficult to have new production capacity. Therefore, in the case of basic stability, the demand growth has made the coking coal companies’ profits better.
Industrial steel growth rate obviously increased steel plant tons steel profit increase
The spot price of coking coal has continued to rise, and the futures rose by more than 30%, which are all due to the increase in iron water output of downstream steel companies. What is the overall production and operation of the steel industry, and can it support the price of coking coal to keep recovering?
In a steel factory in Changzhou, Jiangsu, on the high -speed wire production line in the factory area, after heating, it is continuously rolled through multiple continuous rolling. According to the person in charge of the enterprise, the company’s Changzhou base is a rod product production base for industrial, and its products are mainly used in automotive and wind power.
It is understood that since the fourth quarter of 2023, real estate investment and construction have been shrinking. The demand for steel for construction has declined, steel prices have fallen rapidly, and threaded futures fell from 4076 yuan per ton to a minimum of 3368 yuan. But starting from the beginning of the year, the rapid growth of industrial steel has stabilized the market demand of steel.
Industry insiders said that benefiting from the rise of the new energy vehicle market. In 2024, it is expected that the automotive industry will usher in a new high of steel consumption, reaching 61 million tons, an increase of about 3%year -on -year. Domestic shipyards have also increased in both construction and handheld orders. It is expected that steel for the shipbuilding industry will also increase by about 3%. Since April, the main contract of industrial steel hot rolls has risen from the lowest 3588 yuan per ton to the highest 3890 yuan. The profit of steel mills is expected to continue to grow.