SunSirs: China Coking Coal Prices are Strong Last Week (December 11-15)
December 18 2023 09:56:57 SunSirs (Selena)
According to the commodity analysis system of SunSirs, coking coal prices were strong last week. . On December 14, the energy index was 1,026 points, up 3 points from yesterday, down 34.27% from the highest point of 1,561 points in the cycle (2021-10-21), and up 100.78% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to 2011-12-01 to now)
In terms of origin, the domestic coking coal price was strong last week, and the overall increment of coal mines in origin was limited due to safety inspection. . The third round of increase in downstream coke prices has been fully realized, with strong operation and downstream optimism, which has a favorable support for coking coal prices.
According to the coking coal analyst of the business society, the coking coal price is strong. Now the supply of coking coal is tight, and the prices of downstream coking enterprises are relatively strong. Coke has a favorable support for coking coal. The short-term price of coking coal or strong operation is the main factor, and the specific demand of downstream market is the specific factor.
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