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SunSirs: Coking Coal Price Was Consolidated This Week (March 6-10)
March 15 2023 09:52:13SunSirs(John)

Price trend

According to the monitoring of SunSirs, coking coal prices were consolidated this week. At the beginning of the week, the average market price was 2,491.67 RMB/ton, and at the end of the week, the average market price was 2,458.33 RMB/ton, down 1.34%, and down 16.43% from the same period last year.

The energy index stood at 1,104 points on March 9, unchanged from the previous day, down 29.28% from the highest point of 1,561 points in the cycle (2021-10-21), and up 116.05% 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 supply of coking coal had been tightened due to safety accidents. Domestic coking coal prices rose and fell. The recent purchase enthusiasm of downstream coke was general. Coke enterprises mainly digested the initial inventory, and still purchased coking coal as required. Coking steel was cautious in purchasing coking coal, and the supply and demand continued to play a game.

Market outlook

According to the coking coal analysts of SunSirs, the supply of coking coal had shrunk, and the downstream coke sector had recently maintained a rigid demand for coking coal. The market was in a strong wait-and-see mood. In general, coking coal price will mainly be consolidated, depending on the downstream market demand.

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