SunSirs: China Coking Coal Price is Strong Last Week (June 28- July 5)

According to the monitoring of SunSirs, the average market price at the beginning of the week was 1,955 RMB/ ton, and on July 5, the average market price was 1,988.33 RMB/ ton, up 1.7%, 46.56% over the same period last year. Coking coal price was high.

On July 4, the coking coal commodity index was 144.28, which was the same as the previous day, reaching a record high in the cycle, up 221.26% from the lowest point of 44.91 on January 28, 2016（Note: period refers to the period from September 1, 2012 to now）

According to SunSirs, in terms of supply and origin, after the end of July 1, the limited production coal mines resumed production one after another, and the on-site inventory increased. Considering the environmental protection policy, the supply of coking coal is still relatively tight for the time being.

Demand: the inventory of some coke enterprises has declined, the inventory in the yard is at a low level, and the downstream steel enterprises have resumed production in succession. At present, the support for coke is OK, but the overall market is cautious and wait-and-see.

According to SunSirs coking coal analysts of business society, in terms of origin, after the end of July 1, the production of coal mines with limited production has been resumed one after another, and the inventory in the field has increased. Considering the environmental protection policy, the supply of coking coal is still relatively tight for the time being, the inventory of some coking enterprises has declined, the inventory in the field is at a low level, and the downstream steel enterprises have also resumed production. At present, the support for coke is OK, But on the whole, we are cautious and wait-and-see. Generally speaking, the short-term coking coal is mainly operated at high level in China.

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