SunSirs: Weak and Stable Operation of China Coking Coal Market on July 28
July 29 2020 10:45:10 SunSirs (Selena)
According to the monitoring of SunSirs, on July 28, the average price of coking coal in North China was about 1,363.33 RMB/ ton, which was 14.88% lower than last year.
On July 27, the coking coal commodity index was 100.61, unchanged with the previous day, down 17.21% from 121.53 (March 12, 2019), and 124.03% higher than the lowest point of 44.91 on January 28, 2016. (Note: period refers to 2012-09-01 to now)
At present, the production of coal enterprises in the main producing areas remains stable, and most of them are actively shipping. The inventory in the factory has accumulated to varying degrees. Some coal enterprises' inventory is still increasing, and the sales pressure is great.
Demand: the coke market is mainly stable temporarily. But there is news that some coal enterprises in the lower reaches of the coke industry are willing to rise. It is understood that since 0:00 on July 28, the ex-factory price of metallurgical coke of coke production enterprises in Weifang, Binzhou, Dezhou, Jining, Zaozhuang, Heze, Rizhao and Tai'an in Shandong Province has increased by 50 RMB/ ton on the basis of the original price. In the downstream coking enterprises, there are still many raw coal warehouses, and the purchasing rhythm of coking coal is general, the short-term market supply of coking coal is still sufficient, and the price is still likely to go down under pressure.
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