SunSirs: The Market Price of China Coking Coal Remained Stable Last Week (November 4-8)

According to the commodity analysis system of SunSirs, the market price of coking coal remained stable this week. According to the data analysis system of SunSirs, as of November 8th, the average market price of coking coal was 1,718.33 RMB/ton, unchanged from the beginning of the week.

At present, many coal mining sites in Shanxi Province are maintaining normal production, and some areas have reduced production due to underground working face problems. However, overall, the supply side remains stable. The demand for coke in the demand side market is weak, and due to the second round of coke price cuts, some coal prices have risen. Downstream consumers tend to adopt a wait-and-see attitude, making cautious purchases and prioritizing on-demand procurement.

According to analysts from SunSirs, the coking coal market prices have remained stable this week, and downstream coking enterprises have weak purchasing demand. The demand for coking coal is average, and on-demand procurement is the main focus. It is expected that the price of coking coal will remain weak and stable in the short term, and attention should still be paid to the supply and demand situation and the transaction of building materials in the future.

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