According to the monitoring of SunSirs, the price of coking coal rose. At the beginning of last week, the average market price was about 2,455 RMB/ ton, and at the end of last week, the average market price was 2,488.33 RMB/ ton. The price rose 1.36%, and the price fell 33.7% compared with the same period last year. On September 22, the energy index was 1,151 points, up 2 points from the previous day, down 26.27% from the cycle's highest point of 1561 (2021-10-21), and up 125.24% from the lowest point of 511 on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)
In terms of origin, most of the coal mines in the origin maintain normal production. Affected by the epidemic situation and safety, the overall output of coking coal has a certain impact, but the overall shipment is relatively smooth, and there is still a certain demand in the downstream. The downstream coke starts at a high level, and the manufacturer is active in shipping. And near the National Day holiday, actively stock up. The commencement of the steel plant has also been improved, and there is also a need to replenish the stock during the National Day holiday.
From the perspective of coking coal analysts of the business community, the price of coking coal rose last week, and the demand for coking coal in the downstream coke sector is relatively good in the near future. Because the National Day holiday is coming, there is a lot of demand for stock replenishment. In general, the price of coking coal is mainly kept running well, and the downstream market demand is more specific.
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