Last week, the domestic coking coal market prices remained weak and stable. According to the monitoring system of SunSirs, as of August 20th, the price index of SunSirs's coking coal was 1,421.25 RMB/ton, an increase of 2.16% from the beginning of the month.

Supply side: Domestic coal mine production is gradually recovering, inventory is slightly loose, and some coal mines have 2-3 day maintenance plans. Recently, downstream purchases of coking coal have been cautious, and the market transaction atmosphere is average. Some coal prices in Shanxi have fluctuated, but the magnitude is not significant, and most prices have remained stable.

Downstream: Downstream iron production remains high and strong, coupled with the seventh round of coke price increase, there is still some support for raw material demand. ‌

According to analysts from SunSirs, the supply of coking coal in China is relatively loose; Downstream iron production remains high, with support for coking coal remaining. It is expected that coking coal prices will remain stable in the short term, and more attention needs to be paid to the supply and demand situation and building materials transactions.

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