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SunSirs: Coking Coal Price Was Consolidated This Week (February 20-24)
February 27 2023 14:49:25SunSirs(John)

Price trend

According to the monitoring of SunSirs, coking coal prices were consolidated this week. The average market price at the beginning of the week was 2,385 RMB/ton, and the average market price at the end of the week was 2,408.33 RMB/ton. The price rose by 0.98%, and the price fell by 3.86% compared with the same period last year.

The energy index stood at 1095 points on February 23, unchanged from the previous day, down 29.85% from the highest point of 1,561 points in the cycle (2021-10-21), and up 114.29% 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 production areas, most of the coal mines had resumed normal production, with relatively stable operation and supply. The recent profits of downstream coke had recovered from the previous period, but the coke enterprises mainly digested the inventory in the previous period, and still purchased coking coal on demand. On the supply side, the operating rate of coking enterprises increased slightly, and enterprises actively shipped.

Market outlook

According to the coking coal analyst of SunSirs, the supply of coking coal was stable, and the online auction situation was relatively good compared with the previous stage. In terms of downstream coke, most of the coking coal has been purchased on demand recently. In general, coking coal price will mainly be consolidated, and depending on downstream market demand.

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