According to the Commodity Analysis System of SunSirs, the prices of coking coal have remained strong this week. At the beginning of the week, the price of coking coal was around 2,227.5 RMB/ton, while at the end of the week, the price of coking coal was 2,242.5 RMB/ton, an increase of 0.67%, a decrease of 5.25% compared to the same period last year. On November 16th, the energy index stood at 1003 points, a decrease of 1 point from yesterday, a decrease of 35.75% from the highest point of 1561 points in the cycle (2021-10-21), and an increase of 96.28% 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, domestic coking coal prices have been relatively strong this week, and the overall increase in coal mines in the origin is limited due to safety inspections. The varieties involved also have upward expectations. Downstream coke companies have raised the price of coke, but the downstream has not responded yet, and the market game is still ongoing.

According to the coking coal analysts of SunSirs, the price of coking coal is strong and running. Currently, the supply of coking coal is tightening, and downstream coke is increasing. Downstream coke purchases more coking coal according to demand. Overall, the short-term price of coking coal may be stronger, depending on downstream market demand.

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