Price trend

According to the monitoring of SunSirs, coking coal prices had consolidated this week. The average market price from the beginning of the week to the end of the week was 2458.33 RMB/ton, a decrease of 20.05% compared to the same period last year.

The energy index stood at 1,088 points on March 16, down 9 points from the previous day, down 30.30% from the cycle's highest point of 1,561 points (2021-10-21), and up 112.92% from the lowest point of 511 on March 1, 2016. (Note: The cycle refers to 2011-12-01 to now)

Analysis review

In terms of production area, the coal mine had started to maintain stability, and the supply of coking coal was relatively stable. Domestic coking coal prices were mainly consolidated and operated. In terms of downstream coke, recent procurement enthusiasm had been generl, with coke companies still focusing on digesting early stage inventory, and still purchasing coking coal on demand. Online auctions have improved.

Market outlook

According to a coking coal analyst from SunSirs, the supply of coking coal was relatively stable. Recently, downstream coke had maintained purchasing coking coal on demand, and coking steel enterprises started operations steadily. From a comprehensive perspective, coking coal prices are mainly consolidated, depending on downstream market demand.

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