Coking coal price is weak this week (6.7-6.11)

According to the monitoring of business agency, the average market price at the beginning of the week was 1828.33 yuan / ton, and the average market price at the weekend was 1811.67 yuan / ton, with the price falling by 0.91%, and the price rose 35.88% compared with the same period last year. Coking coal prices are weak this week.

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The coking coal commodity index on June 10 was 133.70, down 1.23 points from yesterday, down 0.91% from 134.93 (2021-06-09), the highest point in the cycle, and 197.71% higher than the lowest point of 44.91 on January 28, 2016( Note: the cycle refers to September 1, 2012 to present)

According to the business agency, the supply side, the production area, the recent frequent accidents on the mine, the environmental protection inspection efforts are not reduced, the overall supply of coking coal is still tight, and Mongolia has low customs clearance due to repeated epidemic.

Demand: the price of coke market is mainly stable temporarily, coking enterprises have production limit expectations, and have no impact at present, and the expected supply in the future market is tight. On the aspect of steel plant, the coke inventory is rising at present, and affected by the expected supply of coke after the market is tight, the purchasing strength in the near future is increased, and the coke inventory in the plant has been significantly improved compared with that in the earlier stage. At present, the purchasing power of steel plant is increased. Under the support of high coking coal price in the upstream of coke, the coking enterprise mentality is improved. It is expected that the coke price will still be mainly in weak operation in the short term.

Analysts of coking coal in business society think that the overall supply of coal is relatively tight due to the impact of environmental protection inspection. Mongolia is less open to traffic affected by the epidemic, and the coal source at the port is still tight. The coke inventory in the downstream plant has recovered. At present, the purchasing power of the steel plant is increased. Under the support of the high price of coke coal in the upstream of coke, the coking enterprise mentality is improved, and it is expected that the coke price will still be mainly subject to weak operation in the short term. Coke has a strong attitude towards coke coal. In a comprehensive view, the short-term coking coal is mainly operated in narrow amplitude, and the downstream market demand is seen.

http://www.lubonchem.com/

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