According to the commodity analysis system of SunSirs, the price of coking coal is running strong. On November 28th, the price of coking coal was 2,281.45 RMB/ton, a decrease of 4.28% compared to the same period last year. On November 27th, 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 1st, 2016. (Note: The cycle refers to 2011-12-01 present)

In terms of production areas, the domestic coking coal prices are relatively strong, and the coal mines in the production areas are still facing serious safety accidents. Inspection has been carried out, and many coal mines have stopped production, resulting in limited overall increase in coking coal production. Downstream coke companies have implemented the second round of increase in coke prices, and the market is showing an optimistic attitude. The acceptance of high priced coking coal has increased, leading to an upward trend in coking coal prices.

According to the coking coal analyst from SunSirs, the price of coking coal is relatively strong. Currently, the supply of coking coal is tightening, and the second round of downstream coke price hikes is landing. The market is showing an optimistic attitude, and the acceptance of high priced coking coal has increased. Overall, the short-term price of coking coal may be mainly strong, with a specific focus on downstream market demand.

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