The trend of coking coal market has declined this week. On May 14th, the price of coking coal in the Anze market of Linfen fell by 20 RMB/ton, and the ex factory cash price including tax of low sulfur main coke clean coal A9, S0.5, V20, and G85 was 1,250 RMB/ton. According to the monitoring system of SunSirs, as of May 15th, the price index of SunSirs coking coal was 1,393.5 RMB/ton, a decrease of -2.28% from the beginning of the month.

Supply side: The shipping situation of most coal mines has improved, and some mining sites have eased inventory pressure, resulting in a relatively loose supply side. The price of coking coal in the production area has declined.

Downstream: Downstream coke enterprises have weak purchasing enthusiasm, mainly focusing on on-demand procurement, and the market transaction atmosphere is cold. More attention should be paid to downstream iron production and building material transactions.

In the opinion of the coking coal analyst at SunSirs, there is an excess of production on the supply side, and downstream procurement is not active, with a focus on essential procurement. Overall, the coking coal market has been weak and declining this week, and it is expected that it will mainly operate weakly and steadily in the later period. More attention still needs to be paid to the supply and demand situation and the transaction of building materials.

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