Coke ** pattern is slightly short and should not chase

Business club on March 12th 9th coke ** opening price of 2054, ** prices remain oscillatory upward operation, the closing price of 2066, the rate of increase of 0.68%, 2304 hand transactions, positions 3554 hands.

The domestic coal shipping market continued to improve, and coal freight rates continued to rise this week, and the increase rate has increased. This is also the reason why the coal shipping fee has continued to maintain its upward trend since the end of the decline. The supply and demand situation in the coal market is currently facing changes, confidence in the coal market has recovered even more, and coal prices are expected to stabilize gradually.

According to the Qinhuangdao Coal Net ocean freight data, on March 7, the seaborne freight rates for 2-3 million tons of ships from Qinhuangdao port to Shanghai and Zhangjiagang were quoted at 40 yuan per ton and 43 yuan per ton respectively, up 4 yuan on a month-on-month basis. Every ton, the increase has increased. From the same ship type to Guangzhou Port, the coal freight rate rose by RMB 2/tonne to RMB 70/ton on the basis of RMB 68 per ton, which was the highest value since October 2011.

On the afternoon of March 7, the latest statistics on the quota of Bohai Steam Coal have continued to fall. According to the statistics released by the China Shipping Coal Net Index Center, the average price of thermal coal for the Bohai Bohai Sea in the current period is: 772 yuan per ton for the 5500 kcal thermal coal, a decrease of 0.1 yuan per ton from the previous period, a decrease of 0.13%. More narrowly. By the end of the current period, the comprehensive average price of thermal coal in the 5500 kcal market in Bohai Rim continued to decline in the seventeenth week, with a cumulative decline of RMB 81 per ton.

The statistics of the operational data of the Bohai Bohai steam coal quoted in the current period indicate that the average price of thermal coal in the 5500 kcal market in the Bohai Rim has continued to decline, but the decline rate has narrowed to a lower level of RMB 1 per tonne; Of the 24 port specifications, the price of port specifications increased for the first time since November 16, 2011, and the prices of port specifications decreased. For the first time, the price of thermal coal in the market has shifted toward the “rising” for the first time. The process of declining thermal coal prices in the region may end.

From the view of the recent price changes of coking coal, due to the unsatisfactory demand, both domestic and international, coking coal prices have generally experienced a slight downward movement, and coke cost support has slowed. The current downstream steel market is still in a state of depletion in the low-demand and high-price warehouses.

The statistics of the Bohai Bohai thermal coal prices have continued to decline in the 17th week, with a cumulative reduction of RMB 81 per ton. It is difficult to get rid of the weak market recently due to the existence of coke in the entire industry chain, the weak pricing power, and the fact that the supply of the upstream and downstream companies is oversupplied.

The coke ** trading proposal suggests that the recent trend of the coke ** will oscillate slightly towards short positions.