According to the monitoring of SunSirs, the average price of coking coal in North China on September 21 was about 1,360 RMB/ ton, down 11.01% from the same period last year. The price of coking coal is mainly stable.
On September 20, the coking coal commodity index was 100.37, unchanged with the previous day, down 17.41% from 121.53 (March 12, 2019), and 123.49% higher than the lowest point of 44.91 on January 28, 2016. (Note: period refers to 2012-09-01 to now)
According to SunSirs, the current coking coal plant production is normal with active shipping. Different coal prices continue to differentiate, the main coking coal and other high-quality coal delivery smooth, less inventory. 1/3 coking coal shipment improved, inventory decreased compared with the previous period, but the overall supply was still slightly loose. The main coke with low sulfur content can be delivered smoothly without stock.
Demand: on the downstream side, the price of coke market is temporarily stable, and the game of the third round of price rise continues. Recently, the profits of coking enterprises are good, and the operating rate is higher than that of last week, mainly in North China and Northeast China. At present, the supply of coke is stable and coking enterprises are actively shipping. Lower reaches of the steel mills started higher, coke inventory was lower, some steel mills accepted the increase due to limited inventory, the price of coke in Shanghai and Jiangsu increased by 50 RMB/ ton last week, most steel mills purchased on demand, and the demand for coke was good, and the future market was generally optimistic.
Overall, SunSirs coking coal analysts expect that China coking coal will continue to maintain stable operation in the short term.
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