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SunSirs: China Coking Coal Price was Weak Last Week (January 9-13)

https://www.chemnet.com   Jan 18,2023 SunSirs

  According to the monitoring of SunSirs, coking coal prices fell last week. At the beginning of last week, the average market price was 2,491.67 RMB/ton, and at the end of last week, the average market price was 2,458.33 RMB/ton, down 1.34%, down 4.65% from the same period last year. The energy index stood at 1,094 points on January 15, unchanged from the previous day, down 29.92% from the highest point of 1561 points in the cycle (2021-10-21), and up 114.09% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to 2011-12-01 to now)

  In terms of origin, as the annual close is approaching, the number of holiday coal mines in origin is increasing, the supply of coking coal is shrinking, and the overall inventory pressure is limited. The downstream coke market is in consolidation and operation, the coke enterprises are generally selling goods, and the downstream steel mills are also gradually delisting. The Spring Festival is approaching, and there are few transactions in the market.

  According to the coking coal analysts of the Business Society, the atmosphere of coking coal delivery and investment is general, some coal mines adjust their prices, and the demand for coking coal in the downstream coke sector is general in the near future. The Spring Festival is approaching, and the stock is nearing the end. Coking coal is purchased on demand, and the overall view of coking coal price consolidation is the main, and the specific view is the downstream market demand.

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