SunSirs--China Commodity Data Group

Sign In

Join Now

Home > Commodity News > News Detail
Commodity News
SunSirs: This Week Coking Coal Strong Running Market (4.19-4.25)
April 26 2021 08:51:54SunSirs(HU)

According to the SunSirs monitoring, at the beginning of the week, the average market price was 1490 RMB/ton, and at the end of the week, the average market price was 1513.33 yuan/ton, the price increased by 1.53%, and the price increased by 7.2% compared with the same period last year. This week coking coal prices run strongly.

On April 24, the coking coal commodity index was 111.68, the same as yesterday, down 8.10% from the peak of 121.53 (2019-03-12) in the cycle, and up 148.68% from the lowest point of 44.91 on January 28, 2016. (Note: Period: 2012-09-01 to present)

According to SunSirs, on the supply side, Affected by environmental inspection, coal enterprises operating rate than the previous decline, the overall supply of coal is relatively tight, especially to the end of the month, the coal pipe ticket is tenser. In addition, the quantity of Mongolian coal imports remains relatively low, and the overall supply of coking coal is tight.

Requirements: Coke market is mainly strong operation, coking enterprises recently improved sales, low inventory, with the implementation of the elimination of backward production capacity to increase, Shanxi, Hebei region after the supply will have a certain tightening, most coking enterprises are expected to be bullish. Downstream steel mills have a certain willingness to replenish the inventory, the overall low coke inventory. After the first round of coke price fluctuation, some coke enterprises raised the second round of coke price rise, the mood of the coke enterprises turned good, and the enthusiasm of the raw coal replenishment warehouse was significantly improved.

According to SunSirs coking coal analyst, Affected by environmental inspection, coal enterprises operating rate than the previous decline, the overall supply of coal is relatively tight, especially to the end of the month, the coal pipe ticket is tenser. Besides, the quantity of Mongolian coal imports remains relatively low, and the overall supply of coking coal is tight. Downstream coke: Downstream coke enterprises raise the second round of coke price increase, coke enterprises have a good enthusiasm to start work, coke prices are stable and good operation is mainly, there is demand for coking coal replenishing warehouse, coking coal has demand support, generally speaking, short-term coking coal is mainly strong operation, specifically depending on the downstream market demand.

 

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

 

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products