According to the commodity analysis system of SunSirs, as of December 2nd, the average market price of coking coal was 1,714.75 RMB/ton, a decrease of 5.64% from the beginning of last month.
At present, coal mines in Shanxi have not resumed normal production, and some areas have reduced production due to underground working face problems. Some resources are still under pressure, and due to the impact of the market downturn, procurement sentiment is insufficient. The demand for coke in the demand side market is weak, and coal prices have fallen due to the third round of coke price cuts. The transaction atmosphere in the coking coal market is weak, and procurement is not active. Downstream consumers tend to adopt a wait-and-see and cautious attitude towards raw material procurement, and the coking coal market operates steadily.
Business Society coking coal analyst believes that the coking coal market has been operating steadily in the near future. Downstream coke enterprises have weak procurement demand and average demand for coking coal, with a focus on on-demand procurement. It is expected that the price of coking coal will remain stable in the short term, and attention should still be paid to the supply and demand situation as well as the transaction of building materials in the future.
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