The coking coal market remained stable this week. According to the monitoring system of SunSirs, as of March 27th, the price index of SunSirs's coking coal was 1,408.5 RMB/ton, a decrease of -5.14% from the beginning of the month.

Supply side: Most coal mines have normal production, and the market trading atmosphere has improved recently. The shipping situation of most coal mines has improved, and some mining sites have eased inventory pressure.

Downstream: Terminal steel mills are gradually resuming work and production, demand has improved, transaction volume has increased, iron production continues to increase, coke demand has rebounded, and some coke enterprises are still in a destocking state. This week, the average tax inclusive cost of steel billets in mainstream sample steel mills in Tangshan was 2,970 RMB/ton. Compared with the current ex factory price of 3,070 RMB/ton for regular billets, the average profit of steel mills is 100 RMB/ton. Overall, the coking coal market has improved and prices are expected to rebound.

According to analysts from SunSirs, the production of coking coal on the supply side is normal, and downstream demand for resumption of work and production has improved. It is expected that the coking coal market will recover in the later stage, and attention still needs to be paid to the supply and demand situation and building material transactions in the future.

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