Price trend

According to the monitoring of SunSirs, the price of coking coal rose this week. The average market price at the beginning of the week was about 2,838.33 RMB/ton, and the average market price at the weekend was 2,971.67 RMB/ton, up 4.7% and 64.03% higher than the same period last year.

The energy index on June 16 was 1,249 points, an increase of 1 point from previous day, a decrease of 19.99% from the highest point in the cycle (1,561 points on 2021-10-21), and an increase of 144.42% from the lowest point of 511 points on March 01, 2016. (Note: The cycle refers to 2011-12-01 to the present)

Analysis review

In terms of origin, coking coal prices rose this week. The main reason for the rise of coking coal was that the production area was subject to environmental inspections, the supply of coking coal was relatively tight, the company's shipments were smooth, and the auction situation was good. The price of coking coal was on the rise, and the downstream coke price had increased, so the profit increased, the coke sentiment was better, and the demand for coking coal increased.

Market outlook

According to the coking coal analyst of SunSirs, the price of coking coal has recently risen, and the downstream coke has been on an upward trend recently. The demand for coke has increased, the resumption of work and production of coke enterprises has increased, and the purchase of coking coal has increased. In general, the price of coking coal will be stable and upward, and the specific demand will be seen in the downstream market.

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