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SunSirs: Coking Coal Prices Stopped Falling with a Correction This Week (June 6-10)
June 13 2022 10:16:47SunSirs(John)

Price trend

According to the monitoring of SunSirs, the price of coking coal stopped falling and corrected this week. The average market price at the beginning of the week was about 2,855 RMB/ton, and the average market price at the weekend was 2,805 RMB/ton, down 1.75% and up 54.83% over the same period last year.

The energy index on June 9 was 1,189 points, an increase of 3 points from previous day, a decrease of 23.83% from the highest point in the cycle (1,561 points on 2021-10-21), and an increase of 132.68% from the lowest point of 511 points on March 01, 2016. (Note: The cycle refers to 2011-12-01 to the present)

Analysis review

In terms of origin, the price of coking coal was adjusted this week. The reasons for the rise of coking coal over the weekend were mainly due to environmental inspections in the production area. The supply of coking coal was relatively tight, the company's shipments were smooth, the price of coking coal rose, and individual steel mills in the downstream coke sector increased by 100 RMB/ton, the coke sentiment was relatively well, and the demand for coking coal was increasing.

Market outlook

According to the coking coal analyst of SunSirs, the price of coking coal has stopped falling recently, and the downstream coke has been on an upward trend recently. The demand for coke has increased, and the resumption of production and production of coke enterprises has increased. In general, the price of coking coal may be stable and upward, depending on the downstream market demand.

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