SunSirs: China Coking Coal Prices Remain Stable Last Week

https://www.chemnet.com   Jul 25,2024 SunSirs

According to the commodity analysis system of SunSirs, the price of coking coal has been weakly stable this week. From July 15th to July 19th, the average price of coking coal was 2,045 RMB/ton.

The coking coal market has been operating steadily this week. At present, many coal mining sites in Shanxi Province are maintaining normal production. In some areas, production has decreased due to problems with underground working faces, resulting in a decline in trading volume. However, overall, quotations remain stable. The support for the coke market is still acceptable, with stable operation being the main focus. Currently, there is little change in the start-up of coke enterprises, and the supply of coke is relatively stable. Enterprises are actively releasing their inventory. The downstream steel market prices have slightly declined, dropping by 10-20 RMB/ton, resulting in low profits for steel mills and weak terminal demand. Overall, there is a dilemma between short-term fluctuations in coking coal prices, with weak and stable operations being the main focus.

According to analysts from SunSirs, the price of coking coal has been weakly stable this week, and the downstream coking enterprise market has been temporarily stable recently. The steel market is under pressure, and the purchase of coke is cautious. The demand for coke 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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