According to the monitoring of SunSirs, the coking coal price was adjusted last week. The average market price at the beginning of the week was 2,288.33 RMB/ ton, and the average market price at the weekend was about 2,305 RMB/ ton, with a price increase of 0.73% and a price decrease of 3.96% over the same period last year. On August 11, the energy index was 1,080 points, an increase of 1 point over yesterday, a decrease of 30.81% from the highest point of 1,561 points in the cycle (October 21, 2021), and an increase of 111.35% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to December 1, 2011 to now)

In terms of origin, coking coal prices have been consolidated and operated as a whole. In terms of production area, the coke price in the middle and lower reaches of the week increased, the market sentiment improved slightly, and the coal mine price was mainly stable, with individual fine adjustments. The profit of coke enterprises has slightly improved, the operating rate of enterprises has risen, and the demand for raw coal has begun to increase. However, the coke coal with high price is mainly purchased on demand.

In the view of SunSirs coking coal analysts, coking coal prices have been generally adjusted in the near future. The recent market conditions of downstream coke have improved, and the willingness to purchase coking coal has been improved. However, the resumption of production is limited, and the coking coal is still mainly purchased on demand. In a comprehensive view, coking coal prices in China or mainly stable, depanding on the downstream market demand.

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