SunSirs: China Domestic Coking Coal Market Is Operating Steadily, with a Moderate to Strong Trend This Week

This week, the domestic coking coal market has been operating steadily with a moderate to strong trend. According to the monitoring system of SunSirs, as of October 30th, the price index of SunSirs's coking coal was 1,581.25 RMB/ton, an increase of 4.81% from the beginning of the month.

On the supply side, the main production areas have been affected by strengthened safety supervision, resulting in a year-on-year contraction of 11.3% in Shanxi's coking coal production, and limited domestic supply elasticity. The low inventory further exacerbates the tight supply situation, thereby providing strong support for coking coal.

Downstream: The demand side maintains a high level, and the production of molten iron provides strong support for the demand for coking coal. The coke market has started its third round of price increases, with most coal types in production areas maintaining an upward trend, and finished material prices also slightly rising. The demand side still has some support for the market price of coking coal. Overall, the coking coal market may operate steadily with a moderate to strong trend.

According to analysts from SunSirs coking coal analysis, the domestic coking coal spot inventory supply is tight, and the downstream market transaction atmosphere is good. 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 building materials transaction situation.

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