According to the monitoring of SunSirs, the price of coking coal rose in October as a whole. The average market price at the beginning of the month was about 2,488.33 RMB/ ton, and the average market price at the end of the month was 2,583.33 RMB/ ton. The price rose 3.82%, and the price fell 31.48% compared with the same period last year. On October 30, the energy index was 1180, unchanged from the previous day, 24.41% lower than the cycle's highest point of 1561 (2021-10-21), and 130.92% higher than the lowest point of 511 on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

According to the survey data of SunSirs, the price of coking coal rose in the first half of the year. In terms of production area, the overall output of coking coal has a certain impact due to 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. The price of coking coal remained stable in the last ten days, and the price fell at the end of the month. Due to the impact of transportation, epidemic situation and safety, the overall output of coking coal in the area of origin has a certain impact. 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 coking coal market rose overall in October, the trading atmosphere of the market was fair, and the overall supply of the origin was tightened. The overall market mentality of coke is weak. The bad news and good news are intertwined. Coke Steel has a strong game mentality. Under the pattern of weak supply and demand, coke prices are expected to be stable, medium and weak in the short term. In the near future, it is comprehensively predicted that the price of coking coal will be dominated by weak operation in China, depending on the downstream market demand.

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