According to the analysis system of SunSirs, the overall price of coking coal increased slightly in June. At the beginning of the month, the average market price was around 1,701.67 RMB/ton, and at the end of the month, the average market price was 1,770 RMB/ton, with a price increase of 4.02% and a decrease of 37.64% compared to the same period last year. On June 29th, the energy index stood at 892 points, an increase of 3 points from yesterday, a decrease of 42.86% from the cycle's highest point of 1561 points (2021-10-21), and an increase of 74.56% from the lowest point of 511 points on March 1st, 2016. (Note: The cycle refers to the period from December 1st, 2011 to the present)

According to the Commodity Market Analysis System of SunSirs, the overall coking coal market narrowed and consolidated last month. In early June, the price of coking coal decreased, and in terms of production areas, coal mines continued to operate normally, while enterprises maintained a low inventory state. Coke has started ten rounds of increase and decrease, but as the cost side stabilizes, the price of coke remains stable. In mid June, the price of coking coal rose, and in terms of the origin, the coal mine continued to operate normally. The overall inventory pressure was not high, and the coal mine's shipment situation was good. Some regions have reduced or ceased production of coal mines, and some regions have slightly tight supply. Overall, the difficulty of landing the first round of rising prices in the downstream coke market has increased, and the overall market atmosphere has weakened. The steel market is in the off-season, with weak actual demand. The coke steel game mentality is strong, and it is expected that the coke market will temporarily operate stably in the short term. The first round of rising prices will be difficult to land in the near future.

According to coking coal analysts from SunSirs, coking coal has maintained normal production, and recent market transactions have cooled down, leading to a strong wait-and-see sentiment. In terms of downstream coke, the demand for coking coal in the near future is still mainly based on demand procurement, and there is still an expectation of price reduction for coking coal. Overall, the price of coking coal is mainly weak, and the specific situation depends on downstream market demand.

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