How much is the price of high-quality coking coal reduced in Shanxi?

Due to the limited fluctuation space of high-quality coking coal price in the early stage, since September this year, the decline of high-quality coking coal has reached 260 CNY/ton, and the cumulative decline of low sulfur coal mines such as Lvliang and Taiyuan has reached 80-100 CNY/ton this month. At present, the price is also the lowest since 2018. By the end of the week, the coking coal market in China continued to be weak. After the price of high-quality coking coal in Luliang District, Shanxi Province has declined sharply, the price of high-quality fat coal in Luliang district has also decreased, among which the price of low sulfur fat coal has decreased by 120 CNY/ton to 1430 CNY/ton, and that of raw fat coal by 60 CNY/ton to 880 CNY/ton.

Due to the large decline of high-quality coking coal in the near future, the market in the later period is under pressure, but the decline space is expected to narrow. In terms of imported coal, at present, the transaction price of meng5 raw coal at the port has been reduced to about 900 CNY/ton, close to the cost line, which affects the shipping willingness of some trading enterprises to weaken, resulting in strong price sentiment. In the same period, the spot market of coke fell steadily and the trading was fair. The purchase price of 50 CNY/ton coke has been successively reduced by large-scale steel mills in Shandong Province, and then increased and decreased by Hebei and Shanxi steel mills. However, due to the low overall inventory of the coking plant, the increase has been negotiated and partially implemented.

The start-up of the coking enterprise is basically stable, but the overall mentality is weak, and it is difficult to prevent the decline of the coke price. The port inventory increased slightly, traders' enthusiasm for receiving goods was low, the handling of early-stage inventory was mainly, and the trading was flat. By the end of the afternoon, the main stream of quasi first-class coke in Shandong Province had delivered 1870-1890 CNY/ton, that of quasi first-class coke in Shanxi Province 1750 CNY/ton, that of quasi first-class coke in Handan, Hebei Province 1790-1830 CNY/ton, and that of quasi first-class coke in Tangshan City 1890-1910 CNY/ton. In the later stage, in view of the normal recovery of coal mines and relatively sufficient supply at present, some steel plants and coking plants in the lower reaches of Hebei Province are still in the state of production restriction, with low enthusiasm for procurement, most coking plants deliberately maintain low inventory, the contradiction between supply and demand in coking coal market is prominent, and the coking coal market will still be under pressure in the later stage.