According to the monitoring of the SunSirs, the average market price at the beginning of the week is 1715 RMB/ton, and the average market price at the weekend is 1765 RMB/ton, the price rises 2.92%, and the price rises 31.39% compared with the same period last year. This week, coking coal prices run strongly.

On May 20, the coking coal commodity index was 127.80, up 1.23 points compared with yesterday, setting a new historical high within the cycle, and up 184.57% compared with the lowest point 44.91 points on January 28, 2016. (Note: Period: 2012-09-01 to present)

According to the SunSirs to understand the supply side, by the impact of environmental inspection, domestic coal production is still limited, coking coal increment is limited, and affected by the epidemic in Mongolia less open to traffic, at present port coal sources are still tight. In addition, Australia's coal import is difficult to increase due to the deterioration of China-Australia relations. The overall increase of coking coal is moderate, and the supply of coking coal remains tight.

Demand: the eighth round of the coke market rise has been implemented, and the coke price is relatively strong. At present, the coke price has reached a new high in the year. At present, coking enterprises are active in production, and the utilization rate of production capacity has increased to a certain extent. In terms of coke demand, in the current steel demand peak season, the output of steel is not reduced under the high profit, and there is still a demand for coke replenishment. However, steel prices fell, the demand for coke weakened.

According to coking coal analysts of SunSirs, the overall coal supply is relatively tight due to the impact of environmental protection inspection. Affected by the epidemic, Mongolia has little traffic, and the coal source at ports is still tight. In addition, due to the deterioration of Sino Australian relations, Australian coal imports are difficult to increase, the overall increase of coking coal in general, and the supply is tight. Downstream coke: the eighth round of the coke market rise and falls, coke prices are mainly strong, and the coke price has reached a new high within the year. At present, coking enterprises are active in production, capacity utilization has risen to a certain extent. Coke demand, steel demand peak season at this stage, steel production at high profits, there is still demand coke replenishment. But steel prices have fallen, weakening demand for coke. Policy in the face of market bullish sentiment has a certain blow, coking coal rise gradually slowed down. In general, short-term coking coal is strong as a whole, specifically to see the downstream market demand.

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