Price trend

According to the monitoring of SunSirs, the price of coking coal fell this week. The average market price at the beginning of the week was about 2,905 RMB/ton, and the average market price at the weekend was 2,855 RMB/ton, down 1.72% and up 61.76% over the same period last year.

On May 26, the chemical index was 1,201 points, an increase of 1 point from previous day, a decrease of 14.21% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 100.84% from the lowest point of 598 points on April 08, 2020. (Note: The cycle refers to 2011-12-01 to the present)

Analysis review

In terms of origin, the price of coking coal was adjusted this week. Coal mines mostly maintained normal production, and coal mines in many places carried out safety inspections and recently, online auctions were still relatively weak; The fourth round of price cuts in the downstream coke market has been implemented, and so far, a total of 800 RMB/ton has been reduced. The profit of coke enterprises continued to tighten, and they were cautious in purchasing raw materials, and mainly purchased on demand. There was a phenomenon of price pressure in the purchase of coking coal.

Market outlook

According to the coking coal analyst of SunSirs, the price of coking coal has been continuously lowered, and the online auction is still relatively weak recently. The downstream coking coke has a fourth round of expected reductions in the near future, and the profits of coking enterprises continue to be compressed, and the procurement of raw coking coal is mainly based on on-demand. On the whole, the price of coking coal may be stable and consolidate, depending on the downstream market demand.

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