SunSirs: Coking Coal Price is Consolidated this Week
November 23 2022 13:53:00 SunSirs (Selena)
According to the monitoring of SunSirs, the price of coking coal was consolidated this week. The average market price at the beginning of the week was 2,383.33 RMB/ ton. On November 21, the average market price was 2,383.33 RMB/ ton, down 22.49% from the same period last year. On November 20, the energy index was 1,139, unchanged from the previous day, down 27.03% from the highest point of 1,561 (2021-10-21) in the cycle, and up 122.90% from 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 production area, the price of coking coal runs at a high price, and the price of some kinds of coal rises slightly. The mentality of the mining area has improved. Downstream coke was temporarily stable after falling this week, and coke enterprises' inventory generally declined. At present, the on-site inventory is generally low, coke enterprises' mentality is stronger, and the profits of steel plants are still poor this week. However, near winter, the steel plants have certain winter storage plans, and their purchasing enthusiasm has been improved.
According to the coking coal analysts of SunSirs, the price of coking coal is operating at a high price, and the demand for coking coal in the downstream coke sector has increased recently. The steel plant has a certain winter storage plan, and the purchasing enthusiasm has improved. The coke enterprises have a good mentality, and the market sentiment has risen to a certain extent. In general, the price of coking coal is operating at a high price in China, and the downstream market demand is specific.
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