SunSirs: China Coking Coal Price Fell Last Week
November 16 2022 08:43:33 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 2,450 RMB/ ton, and the average market price at the weekend was 2,383.33 RMB/ ton. The price fell by 2.72%, 33.55% lower than the same period last year. On November 13, the energy index stood at 1,143, unchanged from yesterday, 26.78% lower than the highest point of 1,561 (2021-10-21) in the cycle, and 123.68% higher than the lowest point of 511 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. In terms of coke, the third round of coke has been raised and lowered, and the overall market mentality is weak. Coke Steel has a strong game mentality. Under the pattern of weak supply and demand, the coke price is expected to be stable, medium and weak in the short term.
From the perspective of coking coal analysts of SunSirs, the price of coking coal is weak, and the demand for coking coal from downstream coke is average in the near future, and because of the decline of steel prices, the coke mentality is weak. The coke mainly purchases coking coal according to needs, and the wait-and-see mentality is mainly, the coking coal price in China is weak from a comprehensive perspective, and the downstream market demand is specifically.
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