According to the Commodity Analysis System of SunSirs, the price of coking coal increased last week. The average market price of coking coal at the beginning of last week was 1,812.5 RMB/ton, while the average market price at the end of last week was 1,880 RMB/ton, with a price increase of 3.72% and a decrease of 28.74% compared to the same period last year. On July 20th, the energy index stood at 929 points, an increase of 3 points from yesterday, a decrease of 40.49% from the cycle's highest point of 1,561 points (2021-10-21), and an increase of 81.80% 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)

In terms of production areas, the coal mine has been operating normally, and the coking coal market has been operating strongly recently. Due to safety inspections conducted in the coal mine production areas, the supply of coking coal is tight, and the quotation is relatively firm. Some coke companies in the downstream coke market have launched the third round of increase in coke prices. The operating rate of steel mills is high, and steel prices have risen locally. Downstream procurement enthusiasm has increased, and the demand for coke is strong.

According to coking coal analysts from SunSirs, coking coal maintains normal production and inventory supply is tight. In terms of coke, overall, the increase and landing of the price have provided favorable support for coking coal. However, the recent price increase of coking coal is higher than that of coke, which has compressed the profits of coking enterprises to a certain extent. Overall, the short-term price of coking coal may be slightly stronger, depending on downstream market demand.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.