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SunSirs: China Coking Coal Prices Fell Last Week (November 29- December 3)
December 06 2021 15:14:06SunSirs(Selena)

According to the monitoring of SunSirs, the coking coal market went down last week. At the beginning of last week, the average market price was 2,741.67 RMB/ ton, and at the end of last week, the average market price was 2,401.67 RMB/ ton, the price decreased by 12.4%, and the price increased by 67.56% over the same period last year. Coking coal prices are weak.

In terms of origin, with the continuation of the supply guarantee policy, the overall supply of coking coal has increased, but the downstream purchase of coking coal is more cautious, the sales pressure of coal mines has increased, and there is inventory accumulation in the site. Demand: last week, the coke market continued to decline, and the eighth round of increase was implemented in the dispute. At present, it has increased and decreased by 1600 RMB/ ton. With the improvement of the market, the mentality of downstream steel mills has picked up, but they still purchase on demand.

According to SunSirs coking coal analyst, in terms of origin, the overall supply of coking coal has been released, the pessimism in the downstream coke market has spread, and the coke has insufficient support for coking coal. It is expected that the price of coking coal in China will remain weak in the later stage, depending on the demand of the downstream market.


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