Weak operation of coking coal on August 25

According to the monitoring of business agency, the average price of coking coal in North China on August 25 was about 1350 yuan / ton, down 15.18% from the same period last year. The price of coking coal is mainly weak and stable.

 

On August 24, the coking coal commodity index was 99.63, unchanged with yesterday, 18.02% lower than 121.53 (2019-03-12), and 121.84% higher than 44.91, the lowest point on January 28, 2016. (Note: period refers to 2012-09-01 to now)

 

According to the business agency, the production of coking coal plant is normal, the start-up load is general, the downstream wait-and-see mood is relatively strong, the enterprise shipment is slow, the enterprise inventory is high, the overall coking coal price is mainly weak and stable, and the coking coal price still has a downward trend under pressure. Different types of coal market continued to differentiate, low sulfur main coking coal shipment smooth, low inventory, some coal enterprises slightly increased coal prices.

 

Demand: on the downstream side, the coke market has been running steadily for a while, most of the coke enterprises have a low inventory, and they have slightly improved the purchase of raw coal, but the overall sentiment on the price reduction of coking coal is still in place; the start-up of the steel plant is normal, and the transportation is affected by the weather, and the coke inventory of the steel plant has a downward trend, but the overall purchase of coke is still mainly on demand. According to the latest data of the Bureau of statistics, in the middle of August, the steel prices in the national circulation market fluctuated slightly, the prices of rebar and angle steel decreased slightly, and the prices of other steel products continued to rise slightly. The price of rebar (Φ 16-25mm, HRB400) was 3759.7 yuan / ton, which decreased by 8.4 yuan / ton compared with the previous period (early August, the same below), with a decrease of 0.2% and an increase of 1.3%.

 

According to the coking coal analysts of the business society, the current coke price is mainly weak and stable temporarily. The coking coal price is mostly purchased on demand, the downstream coke steel game continues to be white hot, and the steel mills start normal operation, but the overall coke purchase is still mainly on demand. On the whole, under the condition of loose supply and strong market wait-and-see sentiment, coking coal is expected to continue to operate stably under pressure in the short term.

Thiourea