According to the Commodity Analysis System of SunSirs, the price of coking coal temporarily stabilized last week. The average market price of coking coal from the beginning of the week to the weekend was 1,987.5 RMB/ton, a decrease of 13.77% compared to the same period last year. On August 10th, the energy index stood at 993 points, an increase of 5 points from the previous day, a decrease of 36.39% from the cycle's highest point of 1,561 points (2021-10-21), and an increase of 94.32% 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 area, the coal mine has been operating normally due to recent coal mine accidents and stricter safety inspections, resulting in a relatively tight overall supply of coking coal. As profits recover in the downstream coke market, production enthusiasm has increased, but as prices rise, coke companies have resisted raw material prices and mainly purchase according to demand.

According to coking coal analysts from SunSirs, coking coal maintains normal production, inventory supply is tight, and the overall pressure on the coal mine is not significant. In terms of coke, there is a favorable support for coking coal, but downstream mentality is becoming cautious, and the procurement pace is slowing down. Overall, the short-term price of coking coal may be more stable, depending on downstream market demand.

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