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SunSirs:China Coking Coal Prices first Fell and then Rose in August
September 01 2022 09:31:04SunSirs(Selena)

According to the monitoring of SunSirs, the coking coal price in August fell first and then rose. The average market price at the beginning of the month was about 2,388.33 RMB/ ton, and the average market price at the end of the month was 2,438.33 RMB/ ton, with an increase of 2.09% and a decrease of 14.44% over the same period last year. On August 30, the energy index was 1,138 points, an increase of 12 points over the previous day, a decrease of 27.10% from the highest point of 1561 points in the cycle (October 21, 2021), and an increase of 122.70% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to December 1, 2011 to now)

According to the survey data of SunSirs, the coking coal price at the beginning of the month was generally weak. In terms of origin, it is difficult for coal mines to ship. Now, the price of some coking coal continues to fall. In terms of downstream coke, most of the coking coal is purchased on demand. There is a strong wait-and-see mood, and the price of coking coal is still under pressure. The coking coal price in the middle and late ten days was adjusted and operated as a whole. In terms of production area, the downstream coke price 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, the coal mines in the production area maintain normal production, but the downstream coke is still mainly purchased on demand, and the pace of shipment is slowing down. It is expected that the coking coal price in China will be mainly adjusted, and the specific situation will depend on the downstream market demand.

 

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