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SunSirs: China Coking Coal Price Rose in September
September 30 2022 09:15:25SunSirs(Selena)

According to the monitoring of SunSirs, the price of coking coal rose in September as a whole. At the beginning of the month, the average market price was about 2,438.33 RMB/ ton, and at the end of the month, the average market price was 2,488.33 RMB/ ton. The price rose by 2.05% and fell by 33.7% compared with the same period last year. On September 28, the energy index was 1153 points, up 3 points from yesterday, down 26.14% from the peak of 1561 points (2021-10-21) in the cycle, and up 125.64% from the lowest point of 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

According to the survey data of SunSirs, the coking coal price in the first half of the year was generally consolidated. Affected by the epidemic situation and safety, the overall supply of coking coal has shrunk, and the willingness to support the price is strong. This week, the first round of increase and decrease of coke was implemented, with a decrease of 100-110 RMB/ ton. The operating rate of coking enterprises was stable this week, and the enterprises were active in shipping. Because the downstream procurement was not active in the near future, and the traders' enthusiasm for taking goods was also low, the inventory of some coke enterprises increased slightly. The purchase rhythm of coke to coking coal slows down. The price of coking coal rose in the last ten days, and most of the coal mines in the origin maintained normal production. Affected by the epidemic situation and safety, the overall output of coking coal was affected to some extent, but the overall shipment was relatively smooth, and there was still some demand in the downstream. The downstream coke starts at a high level, and the manufacturer is active in shipping. And near the National Day holiday, actively stock up. The commencement of the steel plant has also been improved, and there is also a need to replenish the stock during the National Day holiday.

From the perspective of coking coal analysts of SunSirs, the price of coking coal has been consolidated and operated as a whole, and the supply of coking coal has been reduced due to the impact of the National Day and the Twentieth National Congress. The demand for downstream coke is still positive, the steel plant is still operating at a high level, and the demand for replenishment before the festival is still in place. However, with the rising price of coking coal, the cost of coking enterprises continues to rise, and some coking enterprises begin to lose money. Coke Steel has a strong game mentality. In the future, it is expected that China coke price will remain stable and strong, depending on the downstream market demand.


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