SunSirs: China Coking Coal Prices remained Stable Last Week (December 12-17)

　　According to SunSirs, coking coal temporarily stabilized last week. The average market price from the beginning of last week to the end of last week was 2,435 RMB/ ton, an increase of 69.88% over the same period last year. On December 16, the commodity index of coking coal was 179.70, unchanged from the previous day, down 35.41% from the highest point of 278.23 in the cycle (2021-11-09), and up 300.13% from the lowest point of 44.91 on January 28, 2016. (Note: the cycle refers to the period since September 1, 2012).

　　In terms of place of origin, due to the coming Year-end of coking coal, the environmental protection of the place of origin has become stricter, coking coal may be expected to tighten, and the market is bullish. Demand: Coke operated stably last week. From the beginning of last week to the weekend, the average market price was about 2,438 RMB/ ton, up 15.14% over the same period last year. In terms of coke enterprises, the current sales situation is good, and the inventory in the factory is low. Low inventory has boosted the mentality of coke enterprises. At present, there is a strong bullish intention. It is expected that the coke price will remain stable, medium and strong in the short term.

　　According to SunSirs coking coal analys, in terms of origin, the supply of coking coal is expected to be tightened due to the environmental protection inspection at the end of the year. The downstream coke price is temporarily stable in the near future, the demand has improved, the in plant inventory is low, and it is expected to be bullish in the later stage. Coking coal is supported by coke demand. It is expected that the mainstream of China coking coal price will run better in the later stage, depending on the downstream market demand.