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SunSirs: Coking Coal Prices Went Downward This Week (June 20-24)
June 27 2022 13:54:53SunSirs(John)

Price trend

According to the monitoring of SunSirs, the price of coking coal fell this week. The average market price at the beginning of the week was about 2,888.33 RMB/ton, and the average market price at the weekend was 2,871.67 RMB/ton, down 0.58% and up 53.43% over the same period last year.

On June 23, the energy index was 1,209 points, down 5 points from previous day, down 22.55% from the highest point in the cycle (1,561 points on 2021-10-21), and up 136.59% from the lowest point of 511 points on March 01, 2016. (Note: The cycle refers to 2011-12-01 to the present)

Analysis review

In terms of origin, coking coal prices fell this week. Due to environmental inspections, the production of coking coal in the origin was relatively low, the downstream demand was general, and the shipment situation was general. In terms of downstream coke, the second round of promotion and reduction has begun, and corporate profits have been reduced. They were more cautious about raw material procurement, and there was a phenomenon of price reduction.

Market outlook

According to the coking coal analyst of SunSirs: the price of coking coal has fallen recently, and the downstream coke has recently started the second round of price reduction or promotion, the demand has decreased, the supply and demand game, and the overall market sentiment is weak. In general, the price of coking coal may be stable and downward, depending on the demand of the downstream market.

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