According to the Commodity Analysis System of SunSirs, coking coal prices have remained strong this week. The price of coking coal from the beginning of the week to the weekend was 2,396.67 RMB/ton, a decrease of 6.07% compared to the same period last year. On December 21st, the energy index was 1,028 points, an increase of 2 points from yesterday, a decrease of 34.14% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 101.17% 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, last week the domestic coking coal prices were relatively strong, and the overall increase in production coal mines was limited due to safety inspections (frequent accidents in the Shanxi region). And there has been an increase in the phenomenon of online auction flow. Since the fourth round of increase in downstream coke prices, mainstream steel mills have not responded yet. Overall, it is expected that coke prices will remain stable for the time being.

According to a coking coal analyst from SunSirs, the price of coking coal is firmly operating. Currently, the supply of coking coal is tightening, and downstream coking enterprises are temporarily stabilizing their prices. Overall, the short-term price of coking coal may remain stable, depending on downstream market demand.

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