SunSirs: China Coking Coal Prices Remain Stable Last Week (September 2-6)

https://www.chemnet.com   Sep 09,2024 SunSirs

According to the commodity analysis system of SunSirs, the market price of coking coal remained stable this week. According to the data analysis system of SunSirs, as of September 6th, the average market price of coking coal was 1,784.75 RMB/ton, unchanged from the beginning of the month.

The market price of coking coal remained stable last 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. Overall, the short-term coking coal market price fluctuations are not significant.

According to analysts from SunSirs, the coking coal market prices have remained stable last week, with downstream coking enterprises continuing to lower prices recently. The steel market is under pressure, and the demand for coke procurement is weak. The demand for coke for coking coal is average, with on-demand procurement being the main focus. It is expected that the price of coking coal will remain stable in the short term, and further attention should be paid to the supply and demand situation as well as the transaction of building materials.

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