SunSirs: China Coking Coal Prices Fluctuated Last Week (September 9-14)

https://www.chemnet.com   Sep 18,2024 SunSirs

According to the commodity analysis system of SunSirs, the market price of coking coal showed a fluctuating trend last week. According to the data analysis system of SunSirs, as of September 14th, the average market price of coking coal was 1,757.25 RMB/ton, a decrease of -1.54% from the beginning of the week (1,784.75RMB/ton).

At present, many coal mining sites in Shanxi Province are maintaining normal production, and some areas have reduced production due to underground working face problems. However, overall, the supply side remains stable. The demand for coke in the demand side market is weak, and due to the eighth round of coke price cuts, some coal prices have increased. The demand for coke gradually weakened in the later stage, with on-demand procurement being the main focus, resulting in an increase in coking coal inventory and a slight decrease in prices.

The steel market prices have rebounded. In the early stages of the small holiday, low inventory traders began to replenish their inventory one after another. However, considering cost factors, there is still resistance to purchasing high priced raw materials, and multidimensional procurement is necessary.

According to analysts from Shengyishe Coking Coal, this week's coking coal market prices have fluctuated, and downstream coking enterprises have weak purchasing demand. The demand for coking coal is average, and on-demand procurement is 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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