This week, the domestic coking coal market is stable, with strong narrow range fluctuation and bottom characteristics. According to the monitoring of SunSirs, the mainstream quotation of the domestic coking coal market in the week of December 2-6 stabilized, with slight rise in some areas, Due to the local supply shortage caused by the accident maintenance and shutdown of the coal mine, as well as the production decline caused by the environmental protection and production restriction, coupled with the import coal policy restrictions and the good performance of the steel market, the coking coal market has slightly recovered. At present, the price range including tax is 1,380-1,510 RMB/ton.

In terms of regions, the price of low sulfur coking coal in Luliang and Liulin of Shanxi Province increased slightly, with a range of 20 RMB/ton. Due to frequent safety inspections in the near future, the output of local coal mines declined slightly, and the procurement enthusiasm of the downstream coking coal was good. In Linfen and Anze regions, low sulfur coking coal transactions were stable, medium and small increases, and the overall operation of local coal enterprises was limited by environmental protection, with balanced production and sales, and little inventory. Some coke enterprises in Shanxi and Hebei started the second round of coke price rise, and market sentiment improved. The short-term coking coal market is temporarily stable, and the price of some high-quality coal is firm.

According to coking coal analysts of SunSirs, first of all, from the perspective of market supply, the supply is still positive in the short term. On the one hand, although the port coking coal volume has not declined significantly, customs clearance is still under pressure, and the supply of foreign coal is insufficient. In addition, from the perspective of the domestic market, in recent years, Shandong and other places have implemented production restriction, coke enterprises' inventory has fallen continuously, the sentiment of the spot market has recovered, and the manufacturers have the willingness to replenish the inventory. But at the same time, the recent safety inspection factors lack of fundamental support for the market sentiment and price boost, so coking coal price is also difficult to rise. SunSirs expects that the short-term fluctuation of coking coal is relatively strong. In the long run, it is difficult to maintain a high level due to the influence of industry surplus.

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