Price trend

According to the monitoring of the Business News Agency, coking coal prices were consolidated this week. The average market price from the beginning of the week to the end of the week was 2,385 RMB/ton, down 8.21% from the same period last year.

he energy index stood at 1,101 points on February 12, unchanged from the previous day, down 29.47% from the highest point of 1,561 points in the cycle (2021-10-21), and up 115.46% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to 2011-12-01 to now)

Analysis review

In terms of origin, the Spring Festival had passed, coal mines had resumed normal production and coking coal supply had improved, but the procurement enthusiasm of downstream was general.

The recent commencement of downstream coke was basically the same as that of the previous period, and the recent sales situation had slowed down slightly. Downstream steel plants purchased as required, and the coke inventory in the plant had accumulated to a certain extent.

In terms of demand, the steel price performance after the holiday was poor, and the steel factory's purchase intention was slightly reduced, and most of them kept purchasing on demand. In the future, the business agency believes that the current market atmosphere was generally weak, and it is expected that the price will be stable and weak.

Market outlook

According to the coking coal analysts of the Business Society, the atmosphere of coking coal trading was general, the supply of coking coal had been improved, and the demand for coking coal in the downstream coke sector was general recently, and the demand for coking coal was mainly based on demand, and the supply and demand were stalemate. Overall, the coking coal price is mainly based on consolidation operation, which depends on the downstream market demand.

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