According to the commodity analysis system of SunSirs, the price of coking coal has been weak this week. At the beginning of the week, the price of coking coal was 2,396.67 RMB/ton, while at the end of the week, the price of coking coal was 2,445 RMB/ton, a decrease of 0.2%, a decrease of 2.91% compared to the same period last year. On January 4th, the energy index was 1026 points, a decrease of 4 points from yesterday, a decrease of 34.27% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 100.78% from the lowest point of 511 points on March 1st, 2016. (Note: The cycle refers to 2011-12-01 present)

In terms of origin, last week the domestic coking coal prices were weak, with online centralized bidding and a decline in starting prices, resulting in relatively weak transactions. Last week, the overall coke market was weak, with the first round of coke price reduction implemented within the week. This round of coke price reduction is 100-110 RMB/ton. With the implementation of the first round of price cuts, the profitability of coke companies has once again declined, and the price of coke is operating weakly.

According to the coking coal analyst of SunSirs, the price of coking coal is running weakly. Currently, the trading volume of coking coal is average, and downstream coking enterprises have implemented price reductions. Overall, the short-term price of coking coal may be weak, depending on downstream market demand.

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