SunSirs: China Coking Coal Price Rose Last Week (December 5-9)
December 15 2022 09:42:31 SunSirs (Selena)
According to the monitoring of SunSirs, the price of coking coal rose last week. The average market price at the beginning of the week was 2,433.33 RMB/ton, and the average market price at the weekend was 2,466.67 RMB/ton. The price rose 1.36%, 2.71% higher than the same period last year. On December 12, the energy index was 1,111, unchanged from the previous day, down 28.83% from the highest point of 1,561 (2021-10-21) in the cycle, and up 117.42% from the lowest point of 511 on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)
In terms of production area, the coal price is operating at a high price, the market trading atmosphere is fair, the transportation situation has improved, and the coking coal inventory has declined. Downstream coke is mainly operated on a wait-and-see basis, with good sales, low inventory in the plant and smooth delivery of goods. Recently, the steel plant's procurement of winter storage and replenishment warehouse has performed well, and the price of finished products has risen slightly. At present, the demand for coke is fair.
According to the coking coal analysts of SunSirs, the price of coking coal is operating at a high price, and the market trading atmosphere is fair. There is still a demand for coking coal in the downstream coke sector recently, and the steel mills still have winter storage procurement. The coke enterprises are in a good mood, and the market sentiment is rising to a certain extent. In general, the price of coking coal is operating at a high price in China, and the downstream market demand is specific.
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