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SunSirs: China Coking Coal Prices Rose in September

October 07 2023 09:52:36SunSirs(Selena)

According to the analysis system of SunSirs, coking coal prices increased in September. At the beginning of the month, the average market price was around 1,920 RMB/ton, and at the end of the month, the average market price was 2,217.5 RMB/ton, with a price increase of 15.49% and a decrease of 10.88% compared to the same period last year. On September 27th, the energy index stood at 1,052 points, unchanged from yesterday, a decrease of 32.61% from the cycle's highest point of 1,561 points (2021-10-21), and an increase of 105.87% 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 supply side has been affected by safety inspections, resulting in a decline in operating rates. After the release of pre holiday restocking demand, the supply of coking coal has become tight. In terms of transaction, the bidding situation within the month was good. In terms of coke: According to the commodity market analysis system of SunSirs, in September 2023, the coke market experienced a round of increase, and as of the time of publication, the price of quasi first-class metallurgical coke in Shanxi region was 2,096.67 RMB/ton, an increase of 5.89%. The coke market experienced a round of increase in late September, and remained temporarily stable in mid to early September. This round of increase was 100 to 110 RMB/ton. As market sentiment heats up, there are more downstream purchases entering the market, and the market trading atmosphere is good. The inventory of coke in the factory is low, and some companies are reluctant to sell, resulting in a slightly tight supply. The mentality of coke companies is strong.

According to a coking coal analyst from SunSirs, the overall supply of coking coal is still limited due to safety inspections. On the demand side, due to the first round of increase in coke prices, the overall operation of steel mills is good, while the overall operation of blast furnaces is relatively high. Overall, the coke market supports the strong operation of coking coal prices, with specific reference to downstream market demand.

 

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

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