SunSirs: China Coking Coal Price is temporarily Stable this Week (December 22-29)

https://www.chemnet.com   Jan 03,2023 SunSirs

　　According to the monitoring of SunSirs, the price of coking coal is temporarily stable this week. The average market price from the beginning of the week to the end of the week was 2,551.67 RMB/ton, 2.68% higher than the same period last year. On December 29, the energy index was 1,084 points, up 1 point from yesterday, down 30.56% from the peak of 1,561 points (2021-10-21) in the cycle, and up 112.13% from the lowest point of 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

　　In terms of origin, the price of coking coal is temporarily stable, and the market trading atmosphere is fair. However, the supply of coking coal has been tightened because the Spring Festival will be the main time for safe production. In terms of downstream coke, the market average price was about 2,682 RMB/ton on December 29 and 2,582 RMB/ton on December 22. The price rose 3.87% and 10.01% year on year. The coking enterprise has a good shipping situation, and the enterprise is actively shipping. At present, the inventory in the plant is low. In terms of demand, as the winter storage of the steel plant comes to an end, the steel plant mainly purchases coke on demand.

　　From the perspective of the coking coal analysts of SunSirs, the price of coking coal is stable but dynamic, and the market trading atmosphere is fair. Recently, the steel mills mainly purchase coke on demand, and the coke purchase enthusiasm is average. However, the supply and demand game shows that the coking coal price is still operating at a high price, and the downstream market demand is specific.

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