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SunSirs: China Coking Coal Prices Rose in December 2022
January 03 2023 14:25:03SunSirs(Selena)

According to the monitoring of SunSirs, the price of coking coal fell in November as a whole. The average market price at the beginning of the month was about 2,400 RMB/ton, and the average market price at the end of the month was 2,551.67 RMB/ton. The price rose 6.32%, 2.68% higher than the same period last year. On December 30, the energy index was 1,084 points, unchanged from yesterday, down 30.56% from the highest point of 1,561 points (2021-10-21) in the cycle, and up 112.13% from the lowest point of 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

According to the survey data of SunSirs, the coking coal market rose overall this month. As the end of the year is approaching, coal mine safety production is the main factor, and the overall supply of coking coal is relatively tight. In addition, it is difficult to transport goods in some areas due to force majeure. After the coke market entered December, the fourth round of increase in the coke market has come to fruition, with a cumulative increase of four rounds, 400-440 RMB/ton. At present, the coking market is in a good mood, the coking operation rate has increased slightly, the coking enterprises have a good shipping situation, the enterprises are actively shipping, and the inventory in the plant is running at a low level.

From the perspective of coking coal analysts of SunSirs, after the price of coking coal rose in December, the market remains stable and dynamic, and the market trading atmosphere is fair. In terms of downstream coke, recently, steel mills mainly purchase coke on demand, and coke has a general enthusiasm for coke purchase. However, the game between supply and demand shows that the price of coking coal is still operating at a high price, and the downstream market demand is specific.

 

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