According to the Commodity Analysis System of SunSirs, the price of coking coal increased last week. At the beginning of the week, the average market price of coking coal was 1,782.5 RMB/ton, while on the weekend, the average market price was 1,812.5 RMB/ton, with a price increase of 1.68% and a decrease of 33.81% compared to the same period last year. On July 13th, the energy index stood at 913 points, an increase of 1 point from yesterday, a decrease of 41.51% from the highest point of 1,561 points in the cycle (2021-10-21), and an increase of 78.67% from the lowest point of 511 points on March 1st, 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 coking coal market has been operating strongly recently, with good shipments and near cost support. The current market sentiment is heating up, and the supply of coking coal is tight. The downstream coke market has started its first round of upward movement, and there is still hope that the second round of upward movement will land. The operating rate of steel mills is high, and downstream procurement enthusiasm has increased, with strong support for coke demand.

According to coking coal analysts from SunSirs, coking coal maintains normal production and inventory supply is tight. In terms of coke, overall, there is a rise and fall, and there is also hope for a second round of increase, which provides favorable support for coking coal. Overall, the price of coking coal may be slightly stronger, depending on downstream market demand.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.