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SunSirs: The Coking Coal Price Was Temporarily Stable This Week (February 13-17)
February 21 2023 09:53:38SunSirs(John)

Price trend

According to the monitoring of SunSirs, 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 5.17% from the same period last year.

The energy index stood at 1,091 points on February 16, up 2 points from the previous day, down 30.11% from the highest point of 1,561 points in the cycle (2021-10-21), and up 113.50% 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, after the Spring Festival, coal mines had resumed normal production and coking coal supply had improved.

In terms of downstream coke, the recent operating rate was basically the same as that of the previous period, the recent sales situation had slowed down slightly, and the coke inventory in the plant had accumulated to a certain extent.

In terms of demand, the price of steel was poor after the Spring Festival, and the purchasing intention of steel mills was slightly reduced. As of the 17th, most of them kept purchasing on demand. Under the loss, the coke enterprises were not enthusiastic about the purchase of coking coal, and were mainly on demand.

Market outlook

O According to the coking coal analyst of SunSirs, the atmosphere of coking coal trading and investment was general, the supply of coking coal had improved, and the demand for coking coal in the downstream coke sector was general due to the recent loss, and most of them maintained the purchase just on demand. From a comprehensive perspective, coking coal prices are mainly based on consolidation operation, depends on the downstream market demand.

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