According to the monitoring of the business community, the price of coking coal fell this week. The average market price at the beginning of the week was 2551.67 yuan/ton, and at the weekend it was 2491.67 yuan/ton, down 2.35% and 1.06% compared with the same period last year. On January 6, the energy index was 1083 points, down 1 point from yesterday, down 30.62% from the peak of 1561 points (2021-10-21) in the cycle, and up 111.94% from the lowest point of 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)
In terms of origin, due to the approaching of the annual customs and the impact of safety inspection, the supply of coking coal has decreased, and most coal mine quotations have been temporarily stable, but a small part of them have been lowered, so the market trading atmosphere is general. In terms of downstream coke market, the first round of increase and decrease of coke market was implemented during New Year’s Day, with the current round of decrease of 100-110 yuan/ton. At present, the mood of coking market is weak, and it is difficult to have a good expectation. Although there is a demand for winter storage, the current stock is basically nearing the end. The festival atmosphere is getting stronger, but the transactions on the floor are relatively light.
From the perspective of coking coal analysts of the business community, the delivery and investment atmosphere of coking coal is general, some coal mines have lowered their quotations, and the demand for coking coal in the downstream coke sector is general in the near future. The Spring Festival is approaching, and the stock preparation is nearing the end. The purchase of coking coal is mainly based on demand. From a comprehensive perspective, the weak operation of coking coal prices is dominant, and the downstream market demand is specific.
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