SunSirs: China Coking Coal Prices Fell Last Week (October31-November 7)
November 08 2022 09:30:12 SunSirs (Selena)
According to the monitoring of SunSirs, the price of coking coal was weak last week. The average market price at the beginning of the week was 2,583.33 RMB/ ton, and the average market price at the weekend was 2,450 RMB/ ton. The price fell 5.16%, 34.96% lower than the same period last year. On November 6, the energy index was 1,159 points, unchanged from the previous day, 25.75% lower than the highest point 1,561 points (2021-10-21) in the cycle, and 126.81% higher than the lowest point 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)
In terms of origin, the price of coking coal is weak. In terms of production area, the overall output of coking coal is affected to some extent by the transportation, epidemic situation and safety of coal mines. In addition, under the influence of public events, the enterprise's shipment has been average recently. The overall market mentality of coke is weak. The bad news and good news are intertwined. Coke Steel has a strong game mentality. Under the pattern of weak supply and demand, coke prices are expected to be stable, medium and weak in the short term.
According to the coking coal analysts of SunSirs, the price of coking coal is weak, and the demand for coking coal in the downstream coke sector is general in the near future, and the coke mentality is weak because of the decline in steel prices. The coke is mainly purchased on demand, and the price of coking coal is weak from a comprehensive perspective, which depends on the downstream market demand.
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