According to the Commodity Analysis System of SunSirs, the price of coking coal is relatively stable. On June 28th, the average market price of coking coal was 1,770 RMB/ton, a decrease of 38.36% compared to the same period last year. On June 27th, the energy index stood at 891 points, unchanged from yesterday, a decrease of 42.92% from the cycle's highest point of 1,561 points (2021-10-21), and an increase of 74.36% from the lowest point of 511 points on March 1, 2016. (Note: The cycle refers to the period from December 1st, 2011 to the present)

In terms of production area, the coal mine has maintained normal operation, and the overall inventory pressure is not high. The overall inventory is still operating at a low level. The downstream coke market is approaching the end of the month, boosted by the positive rise in steel prices, and the market has started its first round of upward movement. However, the mentality of the coke steel game is relatively heavy, and the first round of upward movement has not yet been implemented. At the end of the month, the market price of coke remained stable for the time being, and in terms of supply, coke companies have been operating steadily recently. In the short term, the coke market is mainly operating steadily, and the first round of upward trend is difficult to achieve in the near future.

According to coking coal analysts from SunSirs, coking coal production has remained normal, and overall inventory is still operating at a low level. However, overall, in terms of coke, the difficulty of achieving the first round of increase and landing has increased, and the overall market atmosphere has weakened. The steel market is in the off-season, and actual demand is weak. The mentality of the coke steel game is strong, and overall, the coking coal price may be slightly consolidated, depending on downstream market demand.

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