SunSirs: Energy, Domestic Coking Coal Market Slightly Fluctuated and Upward on December 11
December 11 2019 18:07:19 SunSirs (Selena)
On December 11, the domestic coking coal market was stable, and the price in some areas was slightly higher. According to the monitoring of SunSirs, the current tax price range is 1,380-1,510 RMB/ton, and the price of some coking coal varieties in Changzhi area of Shanxi Province was slightly higher. The local coal enterprises had few refined coal in stock, in addition, the recent production was not high, there were many orders in the early stage, and the price continued to rise moderately. The low sulfur main coke in Anze area of Linfen is rising steadily, and some local coal enterprises have temporarily suspended new orders due to resource shortage.
According to coking coal analysts of SunSirs, the market is stable in the near future, and the supply pressure is not large in the short term from the perspective of market supply. On the one hand, the port coking coal customs clearance is still under pressure, and the supply of foreign coal is insufficient. In addition, from the perspective of domestic market supply, previously, Shandong and other places have limited environmental protection production, the inventory of coke enterprises has dropped continuously, and the enterprises have successively replenished the inventory. The demand is moderate and the short-term fluctuation of coking coal is expected to be strong. This week, the price of coking coal may remain stable.
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