The price of coking coal continued to decline in February. Some coal types and coking coal have poor trading, with a drop of 20-70 RMB. According to the monitoring system of SunSirs, as of February 27th, the price index of SunSirs's coking coal was 1,484.75 RMB/ton, a decrease of -4.96% from the beginning of the month.

Supply side: Most coal mines have resumed normal production this month, and the supply side is relatively loose. The trading atmosphere for coking coal at the port is cold, with a focus on destocking.

Downstream: The tenth round of coke price increase and decrease has landed, resulting in an overall contraction of profits. The decrease in iron production and weak demand have led to a cold purchasing atmosphere among steel mills, mainly relying on the consumption of their own inventory, resulting in insufficient support for coking coal. Overall, downstream support is insufficient, and there is a strong bearish sentiment in the future. The price of coking coal market may continue to operate weakly.

According to analysts from SunSirs, the supply side of coking coal has returned to normal, but downstream demand is weak, trading atmosphere is cold, and inventory consumption is the main factor. It is expected that the coking coal market will continue to operate weakly in the later stage, and attention still needs to be paid to the supply and demand situation and building materials transactions in the future.

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