SunSirs: China Coking Coal Price Rose Last Week
December 27 2022 10:38:44 SunSirs (Selena)
According to the monitoring of SunSirs, the price of coking coal rose last week. At the beginning of the week, the average market price was 2,483.33 RMB/ton, and at the weekend, the average market price was 2,551.67 RMB/ton. The price rose by 2.75%, 2.75% higher than the same period last year. On December 25, the energy index was 1,094 points, unchanged from yesterday, 29.92% lower than the highest point of 1,561 points (2021-10-21) in the cycle, and 114.09% higher than the lowest point of 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)
In terms of origin, the coal price runs at a high price, and the market trading atmosphere is fair. However, due to the impact of transportation, the supply of coking coal has been tightened. The coke market of downstream coke has been raised for the fourth round and has been raised for four rounds, 400-440 RMB/ton. The shipment is good, and the enterprise is actively shipping. At present, the inventory in the factory is low. In terms of demand, the blast furnace of the steel plant has started to work well recently, and the demand for coke is fair.
From the perspective of 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 in the near future, and there is still a demand for steel plant procurement. The coke enterprises have a good mentality, and the delivery of goods is relatively smooth. In general, the price of coking coal is operating at a high price, and the downstream market demand is specific.
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