According to the Commodity Analysis System of SunSirs, coking coal prices have remained stable, moderate, and slightly strong this week. At the beginning of the week, the price of coking coal was 2,062.5 RMB/ton, and on the weekend, the price of coking coal was 2,075 RMB/ton, an increase of 0.61%, an increase of 17.45% compared to the same period last year. On May 10th, the energy index was 1,003 points, a decrease of 1 point from yesterday, a decrease of 35.75% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 96.28% 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, domestic coking coal operated steadily with a strong bias last week, and mining operations were relatively stable with active shipments. The market trading atmosphere is good, and online bidding prices have mostly increased. The fourth round of increase in the coke market this week has landed during the holiday period, with a cumulative increase of 400-440 RMB/ton. In terms of supply, with the implementation of four rounds of price hikes by coking enterprises, their profits have been somewhat restored. Recently, the production of coking enterprises has significantly rebounded, and the supply of coke has improved compared to the previous period.
According to the coking coal analyst from SunSirs, the price of coking coal remained stable and strong this week. The downstream coking enterprise market has rebounded, and steel mills have a fast pace of purchasing goods. Therefore, coking enterprises have a demand for coking coal. In addition, mainstream coking enterprises have not responded to the fifth round of increase in coke prices so far. Based on the comprehensive analysis of the supply-demand game, the short-term price of coking coal may be stable, medium to strong, depending on downstream market demand.
According to the Commodity Analysis System of SunSirs, coking coal prices have remained stable, moderate, and slightly strong this week. At the beginning of the week, the price of coking coal was 2,062.5 RMB/ton, and on the weekend, the price of coking coal was 2,075 RMB/ton, an increase of 0.61%, an increase of 17.45% compared to the same period last year. On May 10th, the energy index was 1,003 points, a decrease of 1 point from yesterday, a decrease of 35.75% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 96.28% 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, domestic coking coal has been operating steadily with a strong bias this week, and mining operations have been relatively stable with active shipments. The market trading atmosphere is good, and online bidding prices have mostly increased. The fourth round of increase in the coke market this week has landed during the holiday period, with a cumulative increase of 400-440 RMB/ton. In terms of supply, with the implementation of four rounds of price hikes by coking enterprises, their profits have been somewhat restored. Recently, the production of coking enterprises has significantly rebounded, and the supply of coke has improved compared to the previous period.
According to the coking coal analyst from SunSirs, the price of coking coal remained stable and strong this week. The downstream coking enterprise market has rebounded, and steel mills have a fast pace of purchasing goods. Therefore, coking enterprises have a demand for coking coal. In addition, mainstream coking enterprises have not responded to the fifth round of increase in coke prices so far. Based on the comprehensive analysis of the supply-demand game, the short-term price of coking coal may be stable, medium to strong, depending on downstream market demand.
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