Price trend

According to the monitoring of SunSirs, the price of coking coal fell on June 20. The average market price on June 19 was about 2,971.67 RMB/ton, and the average market price on June 20 was 2,888.33 RMB/ton, down 2.8%.

According to the monitoring of SunSirs, the average market price of coking coal at the beginning of the year was about 2,485 RMB/ton, and the average market price on June 20 was 2,888.33 RMB/ton, a price increase of 16.23%.

Analysis review

The main reasons for the recent decline in the price of coking coal are: First, coal mine production in Shanxi, the production area of coking coal, has been stable recently, and market transactions have been relatively good, but online bidding sentiment has weakened, and the market has a strong wait-and-see sentiment.

Second, in the terminal coke industry, the procurement of coking coal is general. According to the price monitoring of the business society, the price of quasi-grade metallurgical coke in Shanxi on June 20 was 3,000 RMB/ton, down 9.09% from the previous day. The coke market is generally weak, and the purchase price of coke by mainstream steel mills in Shanxi and Hebei was cut by 300 RMB/ton last weekend. The first round of price increases and decreases in coke prices has started, and some areas in China have begun to implement production restrictions. There is strong sentiment that coking coal prices will fall.

Market outlook

According to the coking coal analyst of SunSirs, the recent online bidding sentiment has weakened in the coking coal production area, and the market has a strong wait-and-see mood. The purchase demand of terminal coke is general, coupled with the pessimistic market sentiment, the spot price of coking coal has fallen, and traders are in a wait-and-see mood, and coking coal futures follow the decline.

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