SunSirs: China Coking Coal Market Continued to Decline Last Week (December 16-20)

According to the commodity analysis system of SunSirs, the coking coal market continued to decline last week. As of December 20th, the average market price of coking coal was 1,652.25 RMB/ton, a decrease of -3.64% from the beginning of the month.

Recently, the coking coal market has continued to decline. On the supply side, as the end of the year approaches, major mines have gradually completed their production targets. The supply of coking coal has decreased, but overall supply remains high. The demand side mainly focuses on the procurement of raw materials for immediate needs, and adopts a cautious and wait-and-see attitude. There is a lack of confidence in the market in the later stage, and there is an expectation of a decline.

According to analysts from SunSirs, the coking coal market continued its downward trend last week. The downstream demand side is mainly focused on rigid procurement, with a wait-and-see attitude and insufficient confidence in the future market. It is expected that the price of coking coal will continue to operate weakly in the short term, and attention still needs to be paid to the supply and demand situation and the transaction of building materials in the future.

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