According to the Commodity Analysis System of SunSirs, the price of coking coal increased last week. At the beginning of the week, the price of coking coal was 1,920 RMB/ton, while at the end of the week, the price of coking coal was around 1,947.5 RMB/ton, an increase of 1.43%, a decrease of 20.13% compared to the same period last year. On September 7th, the energy index stood at 1013 points, an increase of 6 points from the previous day, a decrease of 35.11% from the cycle's highest point of 1561 points (2021-10-21), and an increase of 98.24% 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 origin, the domestic coking coal market rose last week, and the coal supply was relatively stable. However, the safety situation remained relatively severe, and the phenomenon of online auctions decreased. The downstream coke market is currently operating steadily, and the steel mills are currently maintaining normal production of blast furnaces. The profitability of the steel mills has rebounded, and for raw materials that need to be replenished, it is expected that the short-term coke price will remain stable and mainly operate.

According to the coking coal analyst of SunSirs, the price of coking coal is stable and tends to be strong. Currently, the supply of coking coal is stable, and downstream steel mills still have a demand for raw materials. In the market game, the short-term price of coking coal may be relatively strong, and the specific situation depends on downstream market demand.

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