SunSirs: Coking Coal Prices Remain Stable after Falling on October 29

https://www.chemnet.com   Oct 30,2024 SunSirs

Today, the market price of coking coal remains stable. According to the monitoring system of SunSirs, as of October 29th, the price index of SunSirs's coking coal was 1,842.25 RMB/ton, unchanged from yesterday.

Pitmouth resources are under pressure, coal mine shipments are relatively smooth, and inventory pressure is not significant. Downstream coke prices have decreased, while steel billets have lowered their prices, causing a wait-and-see sentiment in the market. Overall, procurement needs to be cautious in the near future.

According to analysts from SunSirs, it is expected that the coking coal market will remain stable after a decline in the later stage, and attention still needs to be paid to the supply and demand situation and building materials transactions in the future.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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