Last week, the domestic coking coal market prices were weak, with some coal types experiencing a price drop of 15-30 RMB/ton. On September 4th, the price of coking coal in the Anze market of Linfen fell by 20 RMB/ton, and the ex factory cash price of low sulfur main coke clean coal A9, S0.5, V20, and G85, including tax, was 1,430 RMB/ton. According to the monitoring system of SunSirs, as of September 5th, the price index of SunSirs's coking coal was 1,418.75 RMB/ton, a decrease of 1.05% from the beginning of the month.

On the supply side: Due to the brief shutdown of coal mines in major coking coal producing areas in China, the daily production of clean coal decreased by 60,000 tons compared to the previous week. As the weekend approaches, some mineral reserves are gradually recovering, and it is expected that supply will gradually rebound.

Downstream: Currently, some coke and steel enterprises in certain regions are showing signs of resuming production, but the short-term market sentiment towards coke is strong, downstream demand is cold, and market transactions are poor. The main focus is on consuming inventory and purchasing for essential needs, with a wait-and-see attitude.  ‌

According to analysts from SunSirs, the supply of coking coal in China is gradually recovering; The transaction situation in the downstream market is poor, with a focus on essential purchases and inventory consumption. It is expected that the price of coking coal will remain weak and stable in the short term, and 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.