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SunSirs: Coking Coal Price was Weak and Stable Last Week (September 12-16)

September 20 2022 10:19:52     SunSirs (Selena)

According to the monitoring of SunSirs, the price of coking coal was adjusted last week. At the beginning of the week, the average market price was about 2,438.33 yuan/ton, and at the weekend, the average market price was 2,421.67 yuan/ton, down 0.68% and 32.48% compared with the same period last year. On September 18, the energy index was 1,146, unchanged from the previous day, 26.59% lower than the highest point of 1,561 (2021-10-21) in the cycle, and 124.27% higher than the lowest point of 511 on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

In terms of production area, most of the coal mines in the production area maintain normal production. Affected by epidemic situation and safety, the overall output of coking coal has a certain impact. However, most of the downstream coal mines are purchased on demand, and the coking coal is accumulated in stock. The coal mines adjust the quotation flexibly. The market price of quasi primary coke in Shanxi Province was temporarily stable from September 9, 2022 to September 16, 2022 last week. Previously, the average price of quasi primary coke in Shanxi was 2,500 yuan/ton, and it was 2,500 yuan/ton last weekend, unchanged. Last week, the coke market was temporarily stable, and the coking enterprises have slightly improved their work. The overall shipment of coke enterprises is good, and the overall coke inventory in the plant is low.

From the perspective of coking coal analysts of SunSirs, the price of coking coal has been adjusted last week, and the coal enterprises have adjusted their quotations flexibly. Recently, the downstream coke sector still purchases coking coal on demand, with a general willingness to purchase. Some coal mines are stocked and play a game of supply and demand. From a comprehensive perspective, China coking coal price is mainly adjusted, and the downstream market demand is specific.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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