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SunSirs: China Coking Coal Price is Stable temporarily Last Week (1.17-1.21)
January 24 2022 14:35:44SunSirs(Selena)

According to the monitoring of SnSirs, the coking coal price is stable for the time being. From the beginning of the week to the weekend, the average market price was about 2,665 yuan / ton, up 72.86% over the same period last year. On January 20, the commodity index of northern coking coal was 196.68, unchanged from the previous day, down 29.31% from the highest point of 278.23 in the cycle (2021-11-09), and up 337.94% from the lowest point of 44.91 on January 28, 2016. (Note: the period refers to the period from September 1, 2012 to now).

In terms of production area, the production area is close to the end of the year, the coal mine has a holiday, and the overall supply of coking coal is still relatively tight; In terms of downstream coke, from January 14 to January 21, 2022, the price of coke market in Shanxi was 2,938 yuan / ton in the previous weekend and 2,938 yuan / ton last weekend, flat. The coke market price was temporarily stable. The mentality of coking enterprises was weakened last week. Near the Winter Olympic Games, the production restriction expectation of steel mills has increased again, and the demand for coke is expected to decline in the later stage. The sales situation of coke enterprises is good. At present, the inventory in the plant is generally low, and the overall supply is tight.

According to SunSirs coking coal analyst: in terms of origin, the control of coking coal has been strengthened due to the advent of the Spring Festival, and the overall supply is still limited. The downstream coke price has been stable recently, and the coke sales situation is still good. However, considering that the new year is approaching, enterprises mainly guarantee supply and production, and it is expected that the later coking coal price will be stable, depending on the downstream market demand.

 

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