Last week, the trading atmosphere in the domestic coking coal market shifted downwards, showing a stable to weak trend, with some coal prices showing a slight downward trend. According to the monitoring system of SunSirs, as of November 21st, the price index of SunSirs's coking coal was 1,631.25 RMB/ton, an increase of 3.16% from the beginning of the month.

On the supply side, there was an increase in the supply of coking coal in the market last week. The partially shut down coal mines that were previously affected by safety supervision and environmental protection have basically returned to normal. Overall, the tight domestic supply situation has eased and the supply has been released in an orderly manner.

Downstream: Downstream coking profits have been restored and production has stabilized, but the demand for raw materials has weakened, with rigid demand being the main focus. The production of molten iron has not significantly decreased, but there has been a contraction in terminal demand. It is expected that the coking coal market will mainly experience a downward trend in the short term.

According to analysts from SunSirs, the supply of spot coking coal inventory in China has increased, and downstream market demand has contracted. It is expected that the coking coal market will mainly operate in a downward trend in the short term, and more attention still needs to be paid to the supply and demand situation and building material transactions.

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