According to the business news agency, on January 28, the coking coal market in North China was about 1541.67 yuan / ton, up 4.28% over the same period last year. The price of coking coal is now relatively strong.

On January 27, the coking coal commodity index was 113.78, unchanged from yesterday, down 6.38% from 121.53 (March 12, 2019), the highest point in the cycle, and up 153.35% from 44.91, the lowest point on January 28, 2016. (Note: period refers to from September 1, 2012 to now)

According to the business community, the overall supply of coking coal is relatively tight. The Spring Festival is drawing near. Inventory is down. However, the overall demand is still good, and coking coal is mainly in strong operation.

Demand: in the downstream, the profit of coking enterprises is relatively good and the start-up is relatively high. With the gradual improvement of transportation, the inventory in the field is generally low. The downstream is mainly purchased on demand, the profit of steel plants is limited, and they are resistant to high price coke. Recently, the shipment of steel plants has slowed down compared with the previous period, and some manufacturers have maintenance plans. Port: Shandong Port and port are still relatively strong today. The 15th round of price increase has been accepted by some steel plants. As of today, the mainstream spot ex warehouse price of port quasi first grade metallurgical coke is about 2950 yuan / ton, and the price of first grade coke is about 3050 yuan / ton. The inventory of the two ports rose slightly, the supply of goods available for sale in the port was still low, coke futures fell about 4% yesterday, and some traders in the port were afraid of high spirits, so the plan of port gathering was postponed before the festival. In the future, we will focus on the implementation of the 15th round of price increase, the start-up of downstream steel plants and the coke inventory of each link.

According to coking coal analysts of business society, the trend of downstream coke is still good at present, with high start-up and profit margin. Generally speaking, there is still room for coke demand for coking coal in the short term, and it is expected that coking coal will be mainly in strong operation in the short term.