According to the monitoring of SunSirs, the price of coking coal rose last week. The average market price was about 2,488.33 RMB/ ton at the beginning of the week, and 2,583.33 RMB/ ton at the weekend. The price rose 3.82% and fell 30.56% compared with the same period last year. On October 13, the energy index was 1,173 points, up 1 point from yesterday, down 24.86% from the peak of 1,561 points (2021-10-21) in the cycle, and up 129.55% from the lowest point of 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

In terms of production area, the overall output of coking coal has a certain impact due to the impact of transportation, epidemic situation and safety. In addition, under the influence of public events, the enterprise's shipment has been average recently. In terms of downstream coke, it is mainly a wait-and-see situation. In terms of downstream demand, the recent commencement of steel plants has maintained a high and stable level. The overall demand for coke is relatively stable, and the rigid demand for coke still exists.

According to SunSirs coking coal analysts, the price of coking coal is mainly high, and the demand for coking coal from downstream coke is fairly good in the near future. However, due to the impact of public health events, the supply of coking coal has been tightened, so the price of coking coal is mainly high in China, mainly depending on the downstream market demand.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.