SunSirs: China Domestic Coking Coal Market Operated Steadily with a Moderate to Strong Trend Last Week (October 13-17)

Last week, the domestic coking coal market operated steadily with a moderate to strong trend. According to the monitoring system of SunSirs, as of October 17th, the price index of SunSirs coking coal was 1,513.75 RMB/ton, an increase of 0.33% from the beginning of the month.

Supply side: Recently, coal mines in major coking coal producing areas in China have resumed production and the supply is stable. The coal mine shipments are smooth, and some mining sites have had pre-sale orders for more than half a month.

Downstream: Recently, the trading atmosphere in the downstream market has been good, with strong demand for procurement, providing stable support for coking coal. The increase in terminal consumption and demand has provided some essential support for raw material procurement, resulting in a majority of online auction prices rising. Overall, the coking coal market may operate steadily with a moderate to strong trend.

According to the analyst of SunSirs coking coal, domestic coal mine supply is gradually resuming production and the supply is stable. The downstream market has a good transaction atmosphere, stable coal mine supply, smooth outflow, and overall inventory pressure is not high, with a small number of coal mine prices rising. It is expected that the coking coal market will show a stable and strong trend in the later stage, and more attention still needs to be paid to the supply and demand situation and the transaction of building materials.

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