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SunSirs: Coking Coal Prices Fell on May 12
May 13 2022 14:44:06SunSirs(John)

Price trend

Coking coal prices consolidated on May 12.

Analysis review

In terms of origin, coal mines mostly maintained normal production, but the downstream had a strong wait-and-see mood, the enthusiasm for purchasing decreased, and new coal mine orders decreased.

In terms of downstream coke, the second round of promotion and reduction had been fully implemented, and the profit had been more tightened, and the market was mainly operating on the sidelines.

Market outlook

Overall, the price of coking coal is likely to be weak, depending on the downstream market demand.

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