SunSirs: The Coking Coal Price was Adjusted Last Week in China (August 15-19)
August 24 2022 09:00:35 SunSirs (Selena)
According to the monitoring of SunSirs, the coking coal price was adjusted last week. The average market price at the beginning of the week was 2,305 RMB/ ton, and the average market price at the weekend was about 2,338.33 RMB/ ton, with a price increase of 1.45% and a price decrease of 10.06% over the same period last year. On August 21, the energy index was 1,107 points, which was the same as the previous day, down 29.08% from the highest point of 1,561 points in the cycle (October 21, 2021), and up 116.63% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to December 1, 2011 to now)
In terms of production area, the price of coking coal is stable as a whole and adjusted and operated individually. In terms of production area, the second round of coke price rise and landing in the middle and lower reaches of the week saw a slight improvement in the market sentiment, a slight improvement in the profits of coke enterprises, a recovery in the operating rate of enterprises, and an increase in the demand for raw coal. However, most of the products are still purchased on demand, and most of them are inquired.
In the view of SunSirs coking coal analysts, the coking coal price in China is recently in overall consolidation operation. The recent market situation of downstream coke has improved, and the willingness to purchase coking coal has been improved. However, the resumption of production is limited, and the coking coal is still mainly purchased on demand. Comprehensively, coking coal price in China or with consolidation operation, mainly based on the downstream market demand.
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