SunSirs: China Coking Coal Prices temporarily Stabilized Last Week (January 22-26)
January 30 2024 10:01:39 SunSirs (Selena)
According to the commodity analysis system of SunSirs, the price of coking coal has remained stable last week. The price of coking coal from the beginning of the week to the weekend was 2,417.5 RMB/ton, a decrease of 0.31% compared to the same period last year. On January 25th, the energy index was 1016 points, an increase of 2 points from yesterday, a decrease of 34.91% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 98.83% from the lowest point of 511 points on March 1st, 2016. (Note: The cycle refers to 2011-12-01 present)
In terms of origin, domestic coking coal prices remained stable last week, and coal mines are facing holiday arrangements near the Spring Festival. It is expected that the supply side will tighten in the later stage, but due to safety accidents, safety inspections are still relatively severe. Recently, market sentiment has rebounded and transactions have improved. With the stabilization of coal prices and the bottoming out of coking costs in the coke market, the current procurement level is high, and more purchases are still made on demand, with caution in procurement.
According to the coking coal analyst of SunSirs, the price of coking coal is temporarily stable. Currently, the trading volume of coking coal has improved, and the pressure on shipments is relatively small. Downstream coking enterprises are cautious in purchasing, and the supply-demand game takes a comprehensive view. The short-term price or consolidation of coking coal is mainly based on downstream market demand.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-28 SunSirs: China Coking Coal Prices Rose Last Week (April 22-26)
- 2024-04-23 SunSirs: China Coking Coal Prices Rose Last Week (April 15-19)
- 2024-04-19 SunSirs: Daily Report of China Commodity Data (April 19, 2024)
- 2024-04-16 SunSirs: China Coking Coal Prices were Weak Last Week (April 7-12)
- 2024-04-01 SunSirs: China Coking Coal Prices were Weak in March
