According to the monitoring of SunSirs, the price of coking coal was temporarily stable last week. The average market price from the beginning of the week to the end of the week was 2,600 RMB/ ton, 31.03% lower than the same period last year. On October 23, the energy index was 1,182, unchanged from the previous day, 24.28% lower than the highest point 1,561 (2021-10-21) in the cycle, and 131.31% higher than the lowest point 511 on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

In terms of origin, the overall coking coal price is mainly stable and adjusted individually. In terms of origin, coal mines have resumed production, and the overall supply of coking coal has increased. The coke market price of the downstream continued to maintain a temporary stable operation this week. The overall profit of the downstream has declined in the near future, the steel price has declined, and the profit of the steel plant has been damaged. Therefore, in a comprehensive way, the game mentality of coke steel is strong in the near future, and the coke price is mainly stable in the short term.

According to SunSirs coking coal analysts, the price of coking coal is mainly stable, and the demand for coking coal in the downstream coke sector is general in the near future. Moreover, due to the decline of steel prices, the coke price is more stable, and the coke is mainly purchased on demand. From a comprehensive perspective, the price of coking coal is temporarily stable, and the downstream market demand is more specific.

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