According to the Commodity Analysis System of SunSirs, coking coal prices have remained strong this week. At the beginning of the week, the price of coking coal was around 2,242.5 RMB/ton, while on the weekend, the price of coking coal was 2,281.45 RMB/ton, an increase of 1.73%, a decrease of 4.28% compared to the same period last year. On November 23, the energy index was 1,006 points, unchanged from yesterday, a decrease of 35.55% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 96.87% from the lowest point of 511 points on March 1, 2016. (Note: The cycle refers to 2011-12-01 present)

In terms of production areas, last week the domestic coking coal prices were relatively strong, and the overall increase in production coal mines was limited due to safety inspections. A coal processing enterprise in Zhongyang District of Lvliang plans to suspend production for rectification. Downstream coke companies have raised the price of coke in the second round, and the market is showing an optimistic attitude. Coking coal prices are supported, leading to an upward trend.

According to the coking coal analyst of SunSirs, the price of coking coal is strong and running. Currently, the supply of coking coal is tightening, and downstream coke is increasing its impact on coke. Downstream coke provides favorable support for coking coal. Overall, the short-term price of coking coal may be mainly strong, depending on downstream market demand.

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