According to the monitoring of the business agency, the average market price at the beginning of the week was 1551.67 yuan / ton, while the average market price at the weekend was 1545 yuan / ton, down 0.43%, up 5.22% over the same period last year. The price of coking coal is weak.

On March 11, the coking coal commodity index was 114.51, which was the same as yesterday. Compared with the highest point 121.53 in the cycle (March 12, 2019), it decreased by 5.78%, and increased by 154.98% 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, on the supply side, during the NPC and CPPCC sessions, safety production was strengthened, but the overall inventory pressure of coking coal was relatively high, and it was not greatly affected.

Demand: the coke market is mainly stable and weak. The market price of secondary metallurgical coke in Shanxi is about 2380 yuan / ton. At present, coking enterprises are still actively starting work, and the coke inventory has a certain rebound compared with the previous period. Coking enterprises are active in shipping, but affected by the control of environmental protection policies, the shipping and loading and unloading in some areas have been affected, and the coke supply is relatively sufficient on the whole. Most of the coke supply still flows to the steel plant, and the traders’ purchasing enthusiasm is low. Since February, Tangshan has launched three level II responses to heavy pollution. On the evening of the 8th, Tangshan Municipal Government held an emergency meeting on environmental protection. According to the requirements of the meeting notice, industrial enterprises should implement the measures of production suspension and restriction according to the level I red warning response from the 9th to the 11th. Affected by this, the local iron and steel enterprises are limited to start, and the transportation situation is also affected to a certain extent. The steel plant’s purchase of coke is slowing down, mainly on demand.

According to the coking coal analysts of the business society, during the two sessions, the safety production has been strengthened, but the overall inventory pressure of coking coal is relatively high, which has not been greatly affected. The supply of coke is sufficient, mainly to supplement the storage of coking coal on demand, and the purchasing enthusiasm is limited. At present, the market is mainly short, the coke mainly flows to steel plants, and the traders’ enthusiasm to enter the market is poor. It is predicted that the weak market operation of coking coal is mainly, and the specific demand of downstream market.