According to the analysis system of SunSirs, the overall price of coking coal increased in May. At the beginning of the month, the average market price was around 1,971.67 RMB/ton, and at the end of the month, the average market price was 2,000 RMB/ton, with a price increase of 1.44% and a price increase of 17.53% compared to the same period last year. On May 30th, the energy index was 1,000 points, unchanged from yesterday, a decrease of 35.94% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 95.69% from the lowest point of 511 points on March 1st, 2016. (Note: The cycle refers to 2011-12-01 present)

According to the commodity market analysis system of SunSirs, the overall coking coal market rose in May. By the end of the month, the overall production in the mining area was relatively stable, and downstream coking enterprises replenished their inventory as needed. The overall market atmosphere was good, and the mining area actively shipped goods. The bidding situation fluctuated, and some coal types had improved transactions. Recently, prices have fluctuated narrowly, and the overall trend is relatively stable. According to the commodity market analysis system of SunSirs, in May 2024, the coke market experienced a total of one round of increase and one round of decrease. At the beginning of the month, the coke market continued its upward trend in April, and during the May Day holiday, the fourth round of increase landed. With the continuous four rounds of increase by coke companies, their profits recovered, their operating rates steadily rebounded, and their coke supply was significantly relaxed. But in terms of downstream demand, the prices of finished products have weakened, steel mills have poor profits, and the fifth round of price hikes has been shelved.

According to the coking coal analyst of SunSirs, the production in the mining area is currently stable in terms of supply, and the quotation remains relatively stable. Downstream suppliers maintain a strict demand for raw materials and adopt a cautious purchasing attitude towards high priced coking coal. The coking coal market fluctuates, with moderate fluctuations and average shipments of high priced coal. Overall, the price of coking coal may remain stable, depending on downstream market demand.

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