SunSirs: Coking Coal Prices Fell This Week (July 4-8)
July 11 2022 09:47:32 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the price of coking coal fell this week. The average market price at the beginning of the week was about 2,838.33 RMB/ton, and the average market price at the weekend was 2,738.33 RMB/ton, down 3.52% and up 35.45% over the same period last year.
The energy index on July 7 was 1,179 points, down 8 points from yesterday, down 24.47% from the highest point in the cycle (1,561 points on 2021-10-21), and up 130.72% from the lowest point of 511 points on March 01, 2016. (Note: The cycle refers to 2011-12-01 to the present)
Analysis review
In terms of origin, coking coal prices fell this week. Due to environmental inspections at the origin, the output of coking coal was relatively low, downstream procurement was more cautious, and the shipment situation was general.
In terms of downstream coke, the second round of promotion and reduction has been implemented, and the profit of coke enterprises has been reduced. They were more cautious in purchasing raw materials, and there was a phenomenon of price reduction, and they mainly purchased on demand.
Market outlook
According to coking coal analysts of SunSirs, the price of coking coal has fallen recently, and the second round of downstream coke production has recently landed. Demand has decreased, and there is a game between supply and demand. There is a phenomenon of price pressure on coking coal. The overall market sentiment is weak. From a comprehensive perspective, the price of coking coal may be consolidating, depending on the market demand of the downstream.
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