The decline in the coking coal market in June has narrowed, but overall the trading atmosphere in the market remains cold. According to the monitoring system of SunSirs, as of June 26th, the price index of SunSirs's coking coal was 1,216.25 RMB/ton, a decrease of -7.93% from the beginning of the month.

On the supply side: The supply of coking coal remained loose in June. The production of coal mines has basically remained normal, and some coal mines have stopped production for maintenance due to excessive inventory. However, the inventory is relatively sufficient, and market transactions are not smooth. Currently, inventory consumption is still the main factor. 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: With the third round of price increases and decreases in the downstream coke market, companies are experiencing significant losses and have a strong willingness to purchase low-priced raw materials. They hold onto multiple essential needs and have a relatively low purchasing enthusiasm. In addition, the steel market has entered a off-season, with steel mills experiencing a decline in profits and iron production, resulting in weak demand for coking coal and a cold trading atmosphere in the coking coal market. Overall, downstream demand support is insufficient, and the price trend of coking coal market is declining. More attention should be paid to downstream iron production and building material transactions.

According to analysts from SunSirs 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 to fluctuate weakly next month. 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.