SunSirs: Coking Coal Inventory is at a High Level this Week and there is an Oversupply
June 06 2025 09:45:07
The coking coal market is weak this week. According to the monitoring system of SunSirs, as of June 5, the S SunSirs coking coal price index was 1,313.5 RMB/ton, down -0.57% from the beginning of the month.
Supply: At present, the supply side of coking coal has high inventory, and most of it is mainly destocking. Some coal mines are affected by excessive inventory. Overall, the coking coal market is oversupplied, high inventory is difficult to consume in a short period of time, and coal prices continue to fall.
Downstream: Downstream coke has started the third round of price increases and reductions, with more terminal inquiries, weak purchasing enthusiasm, and a strong price-cutting sentiment. Most of the purchases are mainly on demand, and the market trading atmosphere is cold. In addition, the output of molten iron has declined, the terminal demand is weak, and the market price has fallen. Overall, the demand side of coking coal is not supported enough, and the price trend is declining. More attention should be paid to the downstream molten iron output and building materials transactions.
SunSirs coking coal analysts believe that the current market supply of coking coal is strong and demand is weak, and the downstream demand side is not supported enough, and purchases are mainly based on rigid demand. Overall, the coking coal market is declining weakly, and it is expected that the weak trend may continue in the later period. More attention still needs to be paid to the supply and demand situation and the transaction of building materials.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
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