1, coking coal determines the production cost.
Coking coal is the main raw material for producing coke, and the consumption of producing 1 ton of coke is about 1.3 ton.
The price trend of coke and coking coal shows that the reaction of coking coal price to the change of coke demand has a certain lag period, and the coke price often rises first, and then rises after a period of time. The price of coking coal also fell for some time after the price of coke fell.
2. Steel affects the sales price.
From the analysis of coke consumption composition, it can be seen that the steel industry is the most important consumption field of coke, so coke consumption is highly dependent on the operation of the steel industry, and steel prices are highly correlated with coke prices. Looking at the changes in steel prices, the main reason is the relationship between supply and demand. In addition, according to the trend of coke consumption in iron and steel industry, with the improvement of ironmaking technology in enterprises, the coke ratio gradually decreases, and the demand for coke per unit steel output shows a downward trend.
The contradiction between supply and demand of coke is the fundamental factor to determine the price trend, especially under the unfavorable conditions of oversupply, the decline of steel price will inevitably lead to the decline of coke price. As a result, a large number of small and medium-sized coke enterprises cut production and stopped production, and the industry capacity utilization rate further declined.
3. Macroeconomic, policy and other factors.
Coke is mainly used in blast furnace ironmaking, and plays the role of reducing agent, heating agent and material column skeleton. With the rapid development of iron and steel industry in China, its coke consumption accounts for nearly 90% of the total consumption. It can be said that the development of the steel industry has the greatest direct impact on the coke market. As the basic industry of the national economy, the development of the steel industry is greatly influenced by the macro-economy.
The policy factors that need to be paid attention to in analyzing the coke market are macroeconomic policy, industrial policy, environmental protection policy and export policy.
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Response time: 2021-10-11. Please refer to the latest business changes announced by Ping An Bank in official website.
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