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SunSirs: China Coking Coal is Running Stronger Last Week (October 26-30)
November 03 2020 10:35:14SunSirs(Selena)

According to the monitoring of SunSirs, the coking coal market in North China on October 30 was about 1,380 RMB/ ton, down 8.91% from the same period last year. The price of coking coal is relatively strong.

On October 29, the coking coal commodity index was 101.85, unchanged with the previous day, down 16.19% from 121.53 (March 12, 2019), and 126.79% higher than the lowest point of 44.91 on January 28, 2016. (Note: period refers to 2012-09-01 to now)

According to SunSirs, coal enterprises in the main production area are more active in starting work. In addition to the impact of environmental inspection and mine maintenance, the output of some coal mines has been reduced, and most coal enterprises have no inventory. The demand for high-quality main coke is good, the quotation is slightly increased, the overall supply of goods is relatively tight, and the overall coking coal is relatively strong operation.

Demand: downstream, the price of coke market is stable, the sales of enterprises are better, and the manufacturers are active in shipping. The capacity reduction plan for some areas of Shanxi has been started. It is expected that the coking capacity will be reduced by 20 million tons by the end of October, which will have an impact on the coke supply. The tight supply will further support the high price operation of coke. The blast furnace of the downstream steel works started steadily and the demand for coke was positive. In terms of ports, the prices of the two ports in Shandong Province have remained stable for the time being. At present, there are not many goods available for sale in the market, and the transaction is general, and the inventory continues to decrease. In the near future, focus on the impact of the implementation of the capacity in Shanxi on coke supply.

According to SunSirs coking coal analysts, the blast furnace of downstream steel plant started stably and had positive demand for coke. On the port side, the price of Shandong Port and port is stable temporarily. At present, there are few available goods in the market, the delivery and investment are general, and the inventory is continuously reduced. The downstream purchase of coking coal increased, and the source of coking coal was relatively tight in the production area. In a comprehensive view, it is expected that China coking coal will be operated in short term or in a relatively strong way.

 

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