Coking coal price is stronger this week (10.26-10.30)

According to the monitoring of the business agency, the coking coal market in North China on October 30 was about 1380 yuan / ton, down 8.91% from the same period last year. The price of coking coal is relatively strong.

 

On October 29, the coking coal commodity index was 101.85, unchanged with yesterday, down 16.19% from 121.53 (March 12, 2019), and 126.79% higher than the lowest point of 44.91 on January 28, 2016. (Note: period refers to 2012-09-01 to now)

 

According to the business club, coal enterprises in the main production area are more active in starting work. In addition to the impact of environmental inspection and mine maintenance, the output of some coal mines has been reduced, and most coal enterprises have no inventory. The demand for high-quality main coke is good, the quotation is slightly increased, the overall supply of goods is relatively tight, and the overall coking coal is relatively strong operation.

 

Demand: downstream, the price of coke market is stable, the sales of enterprises are better, and the manufacturers are active in shipping. The capacity reduction plan for some areas of Shanxi has been started. It is expected that the coking capacity will be reduced by 20 million tons by the end of October, which will have an impact on the coke supply. The tight supply will further support the high price operation of coke. The blast furnace of the downstream steel works started steadily and the demand for coke was positive. In terms of ports, the prices of the two ports in Shandong Province have remained stable for the time being. At present, there are not many goods available for sale in the market, and the transaction is general, and the inventory continues to decrease. In the near future, focus on the impact of the implementation of de capacity in Shanxi on coke supply.

 

According to the coking coal analysts of the business society, the blast furnace of the downstream steel plant starts stably and has a positive demand for coke. In terms of ports, the prices of the two ports in Shandong Province have remained stable for the time being. At present, there are not many goods available for sale in the market, and the transaction is general, and the inventory continues to decrease. The downstream purchase of coking coal is increasing, and the supply of coking coal in the production area is relatively tight. Generally speaking, it is expected that the coking coal will be mainly operated in a short term or strong way in the short term.

PVA