Price trend

According to the monitoring of SunSirs, the overall coking coal price was slightly consolidated in February. The average market price at the beginning of the month was about 2,401.67 RMB/ton, and the average market price at the end of the month was 2,441.67 RMB/ton, with a price increase of 1.67% and a price decrease of 4.44% compared with the same period last year.

The energy index stood at 1,107 points on February 27, up 9 points from the previous day, down 29.08% from the highest point of 1,561 points in the cycle (2021-10-21), and up 116.63% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to 2011-12-01 to now)

Analysis review

According to the survey data of SunSirs, the overall coking coal market consolidated this month. At the beginning of the month, the market trading was general, and the supply of coking coal increased. Near the end of the month, the market was in a stable and good operation, boosted by the tight supply.

In terms of downstream coke, the overall coke market was temporarily stable in February, and the prices in the main production areas remained stable. After entering February, the steel market performed poorly in the middle and early of February, the coke supply was slightly tight, and the downstream purchased as required, and the market price was temporarily stable. After entering the late of the month, the downstream steel market began to warm up and the demand for coking coal increased.

Market outlook

According to the coking coal analyst of Business News, Shandong and Hebei, the main producing areas of coke, had started the first round of increase of 100-110 RMB/ton, and had not yet landed as of press release. In general, coke enterprises had a strong mentality, and the market atmosphere was improving. It is expected that the price of coke will be stable and stronger. In a comprehensive view, coking coal prices are mainly stable and operating well, depending on the demand of downstream market.

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