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SunSirs: The Overall Coking Coal Price Fell and Rebounded at the end of November
December 02 2022 14:08:33SunSirs(Selena)

According to the monitoring of SunSirs, the price of coking coal fell in November as a whole. At the beginning of the month, the average market price was about 2,550 RMB/ ton, and at the end of the month, the average market price was 2,400 RMB/ ton, down 5.88% and 7.04% compared with the same period last year. On November 29, the energy index was 1114 points, down 5 points from yesterday, down 28.64% from 1561 points (2021-10-21), the highest point in the cycle, and up 118.00% from 511 points, the lowest point on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

According to the survey data of SunSirs, the price of coking coal in the first half of the year declined as a whole. In terms of production area, the overall output of coking coal is affected to some extent by the transportation, epidemic situation and safety of coal mines. In addition, under the influence of public events, the enterprise's shipment has been average recently. Coke has been raised and lowered, and the overall market mentality is weak. The game mentality of coke steel is strong, and the coke price is mainly stable and weak in the short term under the pattern of weak supply and demand. At the end of the month, the price of coking coal rebounded, and the supply of coking coal was tightened due to public health events and production stoppages. In terms of downstream coke, the stock of coke enterprises in the field is generally low at present, and the delivery of goods is relatively smooth. The demand for winter storage of downstream steel plants still exists, and due to the impact of logistics, the steel plants are now generally available, so there is still a demand for coke.

From the perspective of coking coal analysts of SunSirs, the coking coal market fell in November as a whole. At present, the coke market continues to maintain a stable and strong operation, the demand for winter storage of steel plants is still there, the coke procurement is good, and the coke inventory in the plant is low, so we actively replenish the warehouse. The price of coke is bullish in the short term, and there is still a demand for coke to supplement the stock. In the near future, it is comprehensively predicted that the coking coal price will run well in China, depending on the downstream market demand.


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