According to the analysis system of SunSirs, the overall price of coking coal stabilized in October. At the beginning of the month, the average market price was around 2,217.5 RMB/ton, and at the end of the month, the average market price was 2,224.5 RMB/ton, with a price increase of 1.8% and a decrease of 12.61% compared to the same period last year. On October 30th, the energy index stood at 1,020 points, a decrease of 3 points from yesterday, a decrease of 34.66% from the highest point in the cycle of 1561 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)

According to the Commodity Market Analysis System of SunSirs, during the National Day holiday, due to environmental inspections, the supply of coking coal in production areas has been tightened, and the price of coking coal has been firm. After the holiday, market sentiment has cooled down, and online bidding has seen mixed ups and downs. Downstream acceptance of high priced coal is relatively low, with coking coal prices mainly operating in consolidation. In terms of downstream coke: According to the commodity market analysis system of SunSirs, the coke market temporarily stabilized in October 2023, and as of the time of publication, the price of quasi first-class metallurgical coke in Shanxi region was at 2,196.67 RMB/ton, which remained unchanged. At present, the overall operation of the coke market is weak, and in terms of supply, coke companies have been operating steadily recently. The operating rate has slightly decreased compared to the beginning of the month, and the supply of coke is relatively stable. In terms of demand, purchase according to demand. Overall, the overall operation of the coke market is currently weak, with coke companies having a weak mentality. Market expectations for the future are generally weak, and it is expected to remain weak in the short term.

According to a coking coal analyst from SunSirs, although environmental inspections may have an impact on coking coal, the supply side is showing a relaxed situation. On the demand side, due to the excessive demand for coke, steel mills have poor profits, and the production of molten iron has decreased. Overall, the support for the coke market is generally average, and the price of coking coal is mainly weak and consolidated, depending on downstream market demand.

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