According to the commodity analysis system of the SunSirs, coking coal prices have been stable for the time being this week. Coking coal prices from the beginning of the week to the weekend were 2,075 RMB / ton, up 19.6% from the same period last year. On May 16, the energy index was 1,004 points, unchanged from yesterday, down 35.68% from the highest point of 1,561 points in the cycle (2021-10-21), and up 96.48% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to 2011-12-01 to now)

In terms of production area, the coking coal market trend this week was relatively stable. In terms of supply, the mining area started construction recently, the recent sales situation was relatively stable, the downstream recent procurement was cautious, the inventory in the mining area increased, the bidding situation this week was weak, the transaction price fell, and some of the auction phenomenon appeared. Last week, the coke market was temporarily stable, and the fifth round of rising was stranded as a whole. In terms of supply, after the four rounds of increases, the start-up of coking enterprises has rebounded significantly. The supply of coke is looser than that in the early stage, and the inventory in the plant is running at a low level. However, the price of raw coking coal has fallen recently, and the overall mentality of coking enterprises is weak.

According to the coking coal analysts of SunSirs, the coking coal price was relatively stable last week, the downstream coking enterprise market was relatively weak in the near future, the steel plant had limited profits in the near future, and the expectations were raised and lowered in the future. The short-term price or relatively weak operation of coking coal was mainly seen from the perspective of supply and demand game, and the specific downstream market demand.

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