According to the monitoring of the business agency, the average market price at the beginning of the week was 1535 yuan / ton, and that at the end of the week was 1518.33 yuan / ton, down 1.09% and up 4.35% compared with the same period last year. This week coking coal prices weak market operation.
On March 29, the coking coal commodity index was 112.05, which was the same as yesterday. Compared with the highest point 121.53 in the cycle (March 12, 2019), it decreased by 7.80%, and increased by 149.50% compared with the lowest point 44.91 on January 28, 2016. (Note: period refers to from September 1, 2012 to now)
According to the business community, as for the supply side, with the tightening of environmental protection inspection and the safety inspection of coal mines in the producing areas, the supply of coking coal is shrinking.
Demand: affected by the slowdown of coke demand caused by downstream blast furnace maintenance, coke shipment is relatively general. The environmental protection policy of limiting production by 30% – 50% has been strictly implemented in Tangshan steel works. The stock in the yard is at a medium to high level. At present, the stock is mainly digested and the purchasing enthusiasm is low. Steel mills still have the intention to lower the price, and coking enterprises have a weak mentality. At present, the market is still in the situation of oversupply, and it is difficult to change in the short term. It is expected that the coke market will still be weak.
According to the coking coal analysts of business society, with the tightening of environmental protection inspection and the safety inspection of coal mines in production areas, the supply of coking coal is in a state of shrinking. The price of coke in the lower reaches is weak, and some steel mills in Hebei have started the eighth round of increase and decrease, with a total decrease of 800 yuan / ton, which shows that they are not enthusiastic about purchasing coking coal. However, with the decline of coke enterprise’s inventory in the later period, the supply side of coking coal is tight. It is estimated that there is not much room for coking coal to go down in the later period, depending on the downstream market demand.
| PVA |