According to the monitoring of the business club, the average market price at the beginning of the week was 1715 yuan / ton, and that at the end of the week was 1765 yuan / ton, up 2.92% and 31.39% over the same period last year. Coking coal prices are strong this week.
On May 20, the coking coal commodity index was 127.80, up 1.23 points from yesterday, a record high in the cycle, up 184.57% from the lowest point of 44.91 on January 28, 2016( Note: period refers to the period from September 1, 2012 to now
According to the business community, due to the impact of environmental protection inspection, the production of domestic coal enterprises is still limited, the increment of coking coal is limited, and the traffic in Mongolia is less affected by the epidemic. At present, the coal sources at ports are still tight. In addition, due to the deterioration of Sino Australian relations, Australian coal imports are difficult to increase, the overall increase of coking coal is general, and the supply is tight.
Demand: the eighth round of coke market rise has been implemented, and the coke price is relatively strong. At present, the coke price has reached a new high in the year. At present, coking enterprises are active in production, and the utilization rate of production capacity has increased to a certain extent. In terms of coke demand, in the current steel demand peak season, the output of steel is not reduced under the high profit, and there is still a demand for coke replenishment. However, steel prices fell, the demand for coke weakened.
According to coking coal analysts of business society, the overall coal supply is relatively tight due to the impact of environmental protection inspection. Affected by the epidemic, Mongolia has few traffic, and the coal source at ports is still tight. In addition, due to the deterioration of Sino Australian relations, Australian coal imports are difficult to increase, the overall increase of coking coal is general, and the supply is tight. In terms of downstream coke: the eighth round of rise of coke market has been implemented, and the coke price is relatively strong. At present, the coke price has reached a new high in the year. At present, coking enterprises are active in production, and the utilization rate of production capacity has increased to a certain extent. In terms of coke demand, in the current steel demand peak season, the output of steel is not reduced under the high profit, and there is still a demand for coke replenishment. However, steel prices fell and demand for coke weakened. Policy in the face of market bullish sentiment has a certain blow, coking coal prices gradually slowed down. Generally speaking, the short-term coking coal is relatively strong, mainly on the whole, and specifically on the downstream market demand.
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