Coking coal price is strong this week (9.6-9.10)

According to the monitoring of business society, coking coal prices are still strong. The average market price at the beginning of the week was 3286.67 yuan / ton, and the average market price at the weekend was 3520 yuan / ton, with a price increase of 7.1% and 161.39% over the same period last year. Coking coal prices are running at a high level.

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On September 10, the commodity index of coking coal was 259.78, up 4.92 points from yesterday, a record high in the cycle, up 478.45% from the lowest point of 44.91 on January 28, 2016. (Note: the period refers to the period from September 1, 2012 to now)

According to the business society, in terms of supply, coking coal is still a strong operating market in the near future. The sales of coal mines in the main producing area is good, and the number of coal pulling vehicles in the mine is not reduced, and most of them are produced and sold immediately. Affected by environmental protection, and although at the beginning of the month, the coal management ticket of the coal mine is sufficient and the output has increased, the supply is still in a tight situation.

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Demand: from September 3 to September 10, 2021, the market price of coke in Shanxi increased, with the price at 3438 yuan / ton at the beginning of the week and 3838 yuan / ton at the end of the week, an increase of 11.63%. This week, coke has experienced two rounds of increase and landed quickly, with an increase of 200 yuan / ton per round. So far, it has increased for ten rounds, with a cumulative increase of 1360 yuan / ton. In terms of downstream demand, steel mills are not less active in purchasing this week, and they are active in increasing storage. Some steel mills are overhauled, and their demand for coke has decreased slightly. At present, steel mills are still active in purchasing, and the demand for replenishing storage is high.

In the view of coking coal analysts of business society, coking coal is still a strong operating market in the near future. In terms of producing areas, the coal from producing areas has increased recently, but the supply of coking coal from main producing areas is still relatively tight; In terms of downstream coke, the coke price is relatively strong. Under the current situation of strong production restriction and tight coke supply, coke enterprises have a strong mentality of raising prices. Coke still has a strong demand for coke coal replenishment after. Overall, coking coal still has support in the later stage, and the price still maintains a strong trend.

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