According to the analysis system of SunSirs, the overall price of coking coal increased in July. At the beginning of the month, the average market price was around 1,770 RMB/ton, and at the end of the month, the average market price was 1,950 RMB/ton, with a price increase of 10.01% and a decrease of 22.16% compared to the same period last year. On July 27th, the energy index stood at 949 points, an increase of 1 point from yesterday, a decrease of 39.21% from the highest point of 1,561 points in the cycle (2021-10-21), and an increase of 85.71% 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)

According to the Commodity Market Analysis System of SunSirs, the overall trend of coking coal market continued to rise this month. In terms of production areas, coal mine operations remained normal. Recently, coal prices have risen, and the trading atmosphere is still good. The overall supply of coking coal is tight. The price of coke has increased, and it is expected that three rounds of increase will be fully implemented. The prices of steel mills continue to be high, and the profit losses of coke enterprises have been alleviated, which has a strong support for the rigid demand of dual coke. Overall, it has favorable support for coking coal and coke.

According to the coking coal analyst of SunSirs, coking coal has maintained normal production, and the market supply has recently tightened, resulting in good market transactions. In terms of downstream coke, it is expected that after three rounds of full implementation of the increase, there will be favorable support for coking coal. The coking coal price will continue to be strong, and overall, the coking coal price will mainly operate well, depending on the downstream market demand.

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