Ductile iron manhole cover manufacturers in Hebei area resumed production last week
Last week (May 21st to 25th), the price of coke futures dropped at a high level, and the main contract of 1809 fell to around 1950 yuan / ton. Investigating the reasons, on the one hand, due to the less-than-expected real estate data in April, investors were worried about the demand for steel products in the later period, and the price of black related products fell under pressure; on the other hand, the spot price of coke ended a continuous upward trend, and the support of coke price Weaken. However, from the current fundamental point of view, the price of coke futures has limited room for decline.
On the supply side, due to the impact of the SCO summit in Shandong, some coking enterprises have entered a production-limiting state, which has led to a decline in the operating rate of coking plants across the country. According to statistics, as of May 25, the operating rate of coking plants with a capacity of less than 1 million tons was 80.34%, an increase of 0.92 percentage points from the previous month; the operating rate of coking plants with a capacity of 1 to 2 million tons was 74.27%, a decrease of 1.73 from the previous month. The operating rate of coking plants with a capacity of more than 2 million tons was 80.16%, a decrease of 0.78 percentage points from the previous month. The SCO Summit will be held in Qingdao, Shandong, in early June. During this period, coking enterprises in Shandong will continue to limit production. The operating rate of the coking plant will remain stable in the near future to ease the pressure on coke supply.
In terms of downstream demand, nodular cast iron manhole cover manufacturers in Hebei area continued to resume production last week, and the blast furnaces in the initial stage of the resumption of production gradually returned to normal production levels, which led to the continued increase in the blast furnace operating rate across the country. According to statistics, as of May 25, the blast furnace operating rate of 163 steel plants across the country was 71.96%, an increase of 1.79% from the previous month. Although the environmental supervision in some areas has been strengthened recently, due to the considerable profits of the steel mills, the production enthusiasm is still very high. Next week, some blast furnaces in Hebei and East China will resume production, which is good for coke demand.