SunSirs: The Price of China Coking Coal Remained Stable Last Week (July 8-12)

https://www.chemnet.com   Jul 16,2024 SunSirs

According to the commodity analysis system of SunSirs, the price of coking coal has remained stable this week. From July 9th to July 12th, the average price of coking coal was 2,045 RMB/ton.

The coking coal market remained stable last week. At present, coal mines in Shanxi are operating normally with a balanced market supply and demand, but there is not much room for growth. The support for the coke market is still acceptable, and the coke market is currently running steadily. In terms of supply, there has been little change in the production of coke enterprises, and the supply of coke is relatively stable. Enterprises are actively releasing their inventory. On the demand side, downstream steel mills are under market pressure and are cautious in procurement, mainly focusing on on-demand procurement.

According to analysts from SunSirs, the price of coking coal remained stable last week, and the downstream coking enterprise market has been stable recently. The steel market is under pressure, and the purchase of coke is cautious. The demand for coking coal is average, and the supply-demand game is mainly based on the short-term price or pressure operation of coking coal, with a specific focus on downstream market demand. It is expected that the price of coking coal will remain stable 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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