The coking coal market is strong this week. The price of low-sulfur main coking coal in Shanxi market has increased. According to the monitoring system of Sino-Trade, as of April 8, the Sino-Trade coking coal price index was 1,416 RMB/ton, up 0.53% from the beginning of the month.
On the supply side: the output of most coal mines is normal, the market trading atmosphere has improved recently, the shipping situation of most coal mines has improved, and some mines have eased the inventory pressure.
On the downstream side: the market price of downstream steel mills has declined, and the transaction is general. On April 7, the ex-factory tax-inclusive price of Tangshan Qian'anpu billet resources was reduced by 40, and the cumulative reduction was 50, reporting 2,970 RMB/ton. Overall, the coking coal market has improved, and the price has bottomed out.
In the view of SunSirs coking coal analysts: the coking coal market is expected to rebound in the later period, but the downstream market demand is general, and the increase in coking coal may be limited. The supply and demand situation and the transaction of building materials still need to be paid attention to in the future.
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