According to the analysis system of SunSirs, the coking coal market continued to decline in August. At the beginning of the month, the average market price was around 2,019.75 RMB/ton, and at the end of the month, the average market price was 1,784.75 RMB/ton, a decrease of -11.64% in price.

According to the Commodity Market Analysis System of SunSirs, the coking coal market continued to decline in August, and as of August 29th, the market price gradually stabilized. In late August, there was a slow recovery in the construction of mining areas, and downstream coking enterprises made purchases according to demand. The market atmosphere was average, and prices of a few coal mines adjusted slightly, while the transaction situation of some coal types remained stable temporarily. Recently, traders have shown a strong willingness to raise prices, and there may be an improvement in short-term market transactions.

On the downstream side, although the steel market has shown a fluctuating and strengthening trend, the profit loss situation of steel mills has not changed, and terminal demand is weak.

According to analysts from SunSirs Coking Coal, the coking coal market continued to decline in August, with downstream coking enterprises experiencing a decline in market sentiment and weak demand. The steel market was under pressure, and the purchase of coke was cautious. The demand for coke for coking coal was average, with on-demand procurement being the main focus. It is expected that the price trend of coking coal will fluctuate or improve in the short term, and attention should still be paid to the supply and demand situation and the transaction of building materials in the future.

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