According to the monitoring of SunSirs, the coking coal market was stable and weak last week, with an average price of 1,475 RMB/ ton in North China at the beginning of the week and 1,468.33 RMB/ ton in North China at the end of the week, down 0.45%. On March 12, the thermal coal commodity index was 68.19, unchanged from the previous day, down 33.80% from 103.01 (2011-11-15), the highest point in the cycle, and up 52.55% from 44.70, the lowest point on January 20, 2016. (Note: cycle refers to 2011-09-01 to now).
Product: the coal production in the production area is basically resumed. With the smooth transportation and release of supply, the supply and demand in the production area gradually loosen, the demand in the downstream is relatively poor, and the coal price has a continuous callback. In terms of coking coal, after the price of high price and low sulfur coking coal resources in Linfen and Changzhi fell back, the price of some coal mines in Linfen was lowered again, and 1/3 of coking coal in some areas was slightly reduced by 20-30 RMB/ ton. Products in some regions: the coking coal market in Huaibei, Anhui Province is stable, and the main coking coal market quotation is about 1,560 RMB/ ton (including tax on car panels). It is expected that the later period will be more stable. The price of coking coal in Luliang, Shanxi Province has been raised. The main coking coal market quotation is about 1,460 RMB/ ton. It is expected that the local price will be more consolidated in the later period. Taian coking coal market is stable, and the main coking coal market quotation is about 1,420 RMB/ ton (ex factory tax included), and it is expected that in the later stage, the price of the region will be mainly stable. Changzhi lean main coking coal is 1,350 RMB/ ton, down about 50 RMB/ ton compared with the previous period.
Industry chain: in terms of coke, due to the impact of production restriction of most downstream steel plants, the price of coke has fallen, and the demand for coking coal is general. In the global coking coal trade, Japan and South Korea are the main coking coal demanders, which to some extent affect the demand for coking coal. The overall order quantity is mainly on demand.
According to the coking coal analysts of SunSirs, the spot price of coking coal is stable and weak, the price of downstream coke is falling, the profit of coke enterprises is obviously compressed, the pace of raw material procurement is slowing down, and the price of coking coal is under pressure. With the increase of coal enterprises' operating rate, the overall supply of coking coal is increasing. It is predicted that the coking coal price will be weak in the later period, and the demand of the downstream market will be considered.
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