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SunSirs: China Coking Coal Prices temporarily Stabilized Last Week (July 1-8)
July 10 2024 11:23:02SunSirs(Selena)

According to the commodity analysis system of SunSirs, the price of coking coal remained stable last week. From July 1st to July 8th, the price of coking coal was 2,057 RMB/ton, an increase of 16.2% compared to the same period last year.

In terms of origin, the coking coal market remained stable last week. In terms of supply, the coal mines have been operating normally recently, and the overall supply is basically stable. The market price of raw coal is relatively strong in the short term. Short term high price transactions of clean coal are difficult, with some coal types experiencing a slight increase in transaction prices.

Downstream procurement is cautious, and the coke market is currently operating steadily. In terms of supply, there is not much change in the operation of coke enterprises. The supply of coke is relatively stable, and enterprises are actively exporting. In terms of demand, downstream steel mills are under market pressure, and procurement is cautious, with on-demand procurement being the main focus.

According to the coking coal analyst from SunSirs, coking coal prices remained stable last week, while downstream coking enterprise markets have been operating steadily recently. The steel market is under pressure, and the procurement of coke is cautious. The demand for coking coal is average, and the supply-demand game mainly focuses on short-term coking coal prices or under pressure, with a specific focus on downstream market demand. It is expected that the price of coking coal will remain stable in the short term, and attention will still be paid to the supply and demand situation and the transaction situation of building materials in the future.

 

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