According to the commodity analysis system of SunSirs, the market price of coking coal has shown a fluctuating trend this month. According to the data analysis system of SunSirs, as of September 29th, the average market price of coking coal was 1,772.25 RMB/ton, a decrease of -13.86% from the beginning of the month (2,057.5 RMB/ton).

At present, many coal mining sites in Shanxi Province are maintaining normal production, and some areas have reduced production due to underground working face problems. However, overall, the supply side remains stable. The demand for coke in the demand side market is weak, and due to the eighth round of coke price cuts, some coal prices have increased. The demand for coke gradually weakened in the later stage, with on-demand procurement being the main focus, resulting in an increase in coking coal inventory and a slight decrease in prices.

The steel market prices have rebounded. In the early stages of the small holiday, low inventory traders began to replenish their inventory one after another. However, considering cost factors, there is still resistance to purchasing high priced raw materials, and multidimensional procurement is necessary.

According to analysts from SunSirs, the coking coal market prices fluctuated last week, and downstream coking enterprises had weak purchasing demand. The demand for coking coal was average, and on-demand procurement was the main focus. It is expected that the price of coking coal will remain stable in the short term, and further attention should be paid to the supply and demand situation as well as the transaction of building materials.

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