SunSirs: China Coking Coal Price first fell and then rose in April

According to the analysis system of SunSirs, the price of coking coal first fell and then rose in April. At the beginning of the month, the average market price was around 2,162.5 RMB/ton, and at the end of the month, the average market price was 2,062.5 RMB/ton, a decrease of 4.62% in price, a decrease of 1.24% compared to the same period last year. On April 29th, the energy index was 994 points, a decrease of 1 point from yesterday, a decrease of 36.32% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 94.52% from the lowest point of 511 points on March 1st, 2016. (Note: The cycle refers to 2011-12-01 present)

According to the commodity market analysis system of SunSirs, the coking coal market fell first and then rose in April. The recent rise in coking coal prices has driven the heating up of the coking coal market due to terminal demand. The pressure on coking coal storage is relatively low, and the quotation is relatively firm. The production in the mining area is relatively stable, downstream coke companies are actively purchasing, and the online transaction situation is also relatively stable. According to the commodity market analysis system of SunSirs, the downstream coke market saw a total of one round of decline and three rounds of increase in April 2024, with a cumulative increase of 200-220 RMB/ton in market prices compared to the previous month. In the future, the coke market is currently experiencing tight supply and increased demand. In the short term, due to the high price of coking coal, the profits of coke companies are low, and overall production is still low. Under the influence of tight supply, it is expected that the coke market will operate steadily, moderately, and strongly in the short term.

According to the coking coal analyst of SunSirs, the production in the mining area is currently stable in terms of supply, with relatively strong quotations. On the demand side, due to the increase in coke prices this month, profits have recovered, and the search for goods is more active, with less resistance. Overall, there is still a demand for coking coal from coke, and the price of coking coal may remain strong, depending on downstream market demand.

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