According to the Commodity Analysis System of SunSirs, coking coal prices have remained strong this week. On November 22nd, the price of coking coal was around 2,260 RMB/ton. On November 29th, the price of coking coal was 2,281.5 RMB/ton, an increase of 0.94%, a decrease of 4.28% compared to the same period last year. On November 28th, the energy index was 1,007 points, an increase of 1 point from yesterday, a decrease of 35.49% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 97.06% from the lowest point of 511 points on March 1st, 2016. (Note: The cycle refers to 2011-12-01 present)

In terms of production areas, last week the domestic coking coal prices were relatively strong, and the overall increase in production coal mines was limited due to safety inspections. The varieties involved also have upward expectations. Downstream coke companies are optimistic about the increase in coke prices, which provides favorable support for coking coal prices.

According to the coking coal analyst of SunSirs, the price of coking coal is strong and running. Currently, the supply of coking coal is tightening, and downstream coking enterprises are increasing their prices for coke. Coke provides favorable support for coking coal. Overall, the short-term price of coking coal may be mainly strong, depending on downstream market demand.

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