According to the commodity analysis system of SunSirs, the price of coking coal increased last week. At the beginning of the week, the price of coking coal was 1,987.5 RMB/ton, while on the weekend, the price of coking coal was 2,007.5 RMB/ton, an increase of 1.01%, a decrease of 8.96% compared to the same period last year. On April 19th, the energy index was 986 points, an increase of 3 points from yesterday, a decrease of 36.84% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 92.95% 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 price increased, and the mining area started production relatively steadily, actively shipping. Recently, the supply of coking coal has been relatively stable. The trading atmosphere in the market is good, with most coal mine pit prices rising. The coke market is on the rise, and this week the first round of increase in the coke market has begun, quickly landing and accumulating an increase of 100-110 RMB/ton. In terms of supply, the raw material coking coal market continued to rise this week, with strong cost support from coking enterprises. After the first round of price hikes landed, the profits of coking enterprises have recovered to some extent, and the possibility of a second round of price hikes for coke cannot be ruled out. According to a coking coal analyst from SunSirs, the price of coking coal has risen, the downstream coking enterprise market has rebounded, the pace of destocking terminal steel has accelerated, steel mills have decent profits, and coking enterprises have a demand for coking coal. Overall, the short-term price of coking coal may be mainly strong, depending on downstream market demand.

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