As of March 14th, the price index of coking coal in SunSirs was 1,423.5 RMB/ton, a decrease of -4.13% from the beginning of the month.

On the supply side: In terms of ports, spot transportation is average, and some manufacturers have long-term inquiry intentions. The inventory pressure has eased, but it still remains high.

Downstream: There has been a slight rebound in downstream inquiries, but there has been less actual trading, with a focus on price exploration and observation. Some traders have slightly loosened their offers. The eleventh round of price increase and decrease in the coke market has begun, with a decrease of about 50-55 RMB/ton. The profits of coke enterprises have decreased, and their enthusiasm has been dampened. The demand recovery of terminal steel mills is slow, mainly due to the consumption of their own inventory, and there is 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 production of coking coal on the supply side is normal, but downstream demand is weak and the trading atmosphere is cold, mainly consuming inventory. 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.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.