Last week, the coking coal market operated weakly. According to the monitoring system of SunSirs, as of June 5th, the price index of SunSirs's coking coal was 1,313.5 RMB/ton, a decrease of -0.57% from the beginning of the month.

Supply side: Currently, there is a high inventory of coking coal supply, mainly through destocking. Some coal mines have affected production due to excessive inventory. Overall, there is an oversupply in the coking coal market, and high inventory is difficult to consume in a short period of time, resulting in a continuous decline in coal prices.

Downstream: Downstream coke has started its third round of price increases and decreases, with more inquiries from end-users and weaker purchasing enthusiasm. There is a strong desire to lower prices, with more emphasis on on-demand procurement, resulting in a sluggish market trading atmosphere. In addition, the decline in iron production and weak terminal demand have led to a decline in market prices. Overall, the demand for coking coal is not adequately supported, resulting in a downward trend in prices. More attention should be paid to downstream iron production and building material transactions.

According to analysts from Shengyishe Coking Coal, the current market for coking coal is characterized by strong supply and weak demand, with insufficient support from downstream demand and a focus on essential procurement. Overall, the coking coal market is weak and declining, and it is expected that the weak pattern may continue in the later period. More attention still needs to be paid to the supply and demand situation and the transaction of building materials.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.