According to the Commodity Analysis System of SunSirs, coking coal prices have stabilized last week. At the beginning of the week, the price of coking coal was 1,985 RMB/ton, while at the end of the week, the price of coking coal was around 1,995 RMB/ton, an increase of 0.5% and a decrease of 17.62% compared to the same period last year. On September 14th, the energy index stood at 1,020 points, an increase of 3 points from yesterday, a decrease of 34.66% from the cycle's highest point of 1,561 points (2021-10-21), and an increase of 99.61% 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 prices have stabilized and the supply of coal is relatively stable, but the safety situation is still relatively severe. Coal mine shipments are smooth, and current inventory is at a low level. The supply of coking coal is still tight. The downstream coke market is currently operating steadily, and the foundation for rising coke prices is not solid. Coke companies have a cautious purchasing attitude towards coking coal.

According to the coking coal analyst of SunSirs, the price of coking coal has been consolidating and running. Currently, the supply of coking coal is tight, and downstream coke mainly purchases coking coal according to demand. Overall, the short-term price of coking coal or stable consolidation and operation are the main factors, depending on downstream market demand.

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