In October, the domestic coking coal market prices showed an upward trend. According to the monitoring system of SunSirs, as of October 30th, the price index of SunSirs's coking coal was 1,581.25 RMB/ton, an increase of 4.81% from the beginning of the month.

Supply side: Currently, the supply of coking coal is facing contraction pressure, mainly due to the tightening of coal mine safety supervision, which limits the supply. From the perspective of imports, the total amount of coking coal imported by China in September was 10.9236 million tons, an increase of 7.49% compared to the previous month. Among them, Mongolia's imports increased significantly by 45.48% year-on-year, becoming the main growth point. However, domestic spot inventory remains low, further exacerbating the tight supply situation and providing strong support for coking coal.

Downstream: The demand side maintains a high level, and the production of molten iron provides strong support for the demand for coking coal. The coke market has started its third round of price increases, with most coal types in production areas maintaining an upward trend, and finished material prices also slightly rising. The demand side still has some support for the market price of coking coal.

According to analysts from SunSirs, the supply of coking coal is currently showing a stable but tightening trend, while the demand side maintains a high level of resilience support. Under the dual benefits, the coking coal market has risen. It is expected that the coking coal market will show a stable and strong trend in the later stage, and more attention still needs to be paid to the supply and demand situation and the transaction of building materials.

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