Since April 9, the coke market has been on a rollercoaster ride, with price fluctuations as thrilling as the stock market. After the eighth round of reduction, the market does not seem to stop there, but ushered in three consecutive rounds of increases, with a cumulative increase of up to 300 yuan/ton. This wave of "rising in the morning and landing in the afternoon" market has made many people in the industry call it "incomprehensible".
Let's first review the specifics of this wave of market. On April 15, the coke market suddenly launched the first round of increases, followed by the third round of increases on April 25. At the same time, coking coal and coke futures prices also rose rapidly after the Qingming Festival, coking coal 2409 contract rose from 1488.5 yuan/ton on April 8 to 1841.5 yuan/ton, an increase of 23.7%, coke 2409 contract was not to be outdone, from 2005.5 yuan/ton on April 8 to 2362.5 yuan/ton, an increase of 17.8%. Such an increase undoubtedly made market participants feel the heat of the coke market.
Market analysts pointed out that the main reason for the rise in coke prices is the tight supply and demand in the market. The strong prices of upstream raw materials, coupled with the insufficient operating rate of coke enterprises and the active procurement of downstream markets, these factors jointly promoted the rise of coke prices. Taking the Taiyuan market and Linfen Xiangning market as examples, the price of some coking coal has risen by 150-200 yuan per ton.
The rise in coke prices is undoubtedly good news for coke producers. Although the rise in upstream raw material prices has increased the cost of coke companies, the increase in coke prices has still brought about an improvement in profits. This is undoubtedly a shot in the arm for coke companies that have experienced a long downturn.
However, there is still uncertainty about the future direction of the market. Some industry insiders said that the coke market may be volatile and adjusted in the short term. This is because there is still a certain degree of uncertainty in market supply and demand, and there may be new trends at the policy level and the infrastructure side, which will affect market sentiment.
For such a market situation, netizens have also expressed their opinions. Netizen A said: "This wave of coke price hikes is really unexpected. It is hoped that this market can continue, so that coke companies can take a breath. Netizen B said: "The market is always full of uncertainty, and we can only remain vigilant and respond to changes in the market at any time." ”
As the comments of these two netizens said, the trend of the market is always full of uncertainty, and we can only remain vigilant and respond to changes in the market at any time. As Warren Buffett said, "Investing is like stepping over a field full of mines, and the key to getting to the other side safely is to step on the right rock." "In the coke market, we also need to step on the right stone to find our footing in the volatility of the market.
In general, this wave of coke market not only makes people see the opportunities of the market, but also makes people feel the risks of the market. In this uncertain market, we need to remain calm and rational in order to find our way through the volatility of the market.