Shandong clean coal market price continues to decrease

Today, the national coking coal market continues to be weak. Up to now, the price of coking coal in Shandong, Shanxi, Hebei, Henan, Shaanxi and southwest China has basically achieved a general decline, of which the biggest drop is the distribution of coking coal in Shandong and the high-quality coking coal in Shanxi. Today, the price of refined coal from local coal mines in Shandong has been lowered by 30 CNY/ton again, and this month, the cumulative drop is 70 CNY/ton. After the drop, the price of refined coal in Jining region in Shandong has dropped to 880 CNY/ton. In the downstream, the current coking profit level is low, mainly to control coking coal inventory, and the procurement enthusiasm is not high. As a whole, coking coal market is still weak in the later period. After entering November, the price of Shandong clean coal market went down successively, with a total price reduction of two times, with a cumulative decrease of about 70 CNY/ton. After the reduction, the tax bearing price of local coal mine gas clean coal in Jining District of Shandong Province was about 870 CNY/ton. Now, the price of local coal mine clean coal has obvious advantages. Compared with the rapid and flexible price reduction of local coal mine, the price adjustment of Shandong large coal mine is relatively slow, but it is inevitable to make up the decline in the later period. In view of the relatively normal production and sufficient supply of coal mines at present, the profit of the downstream coking industry continues to shrink, the enthusiasm for coking coal procurement is not high, most coking plants deliberately maintain low inventory, the contradiction between supply and demand of coking coal market is prominent, and the coking coal market will still be under pressure in the later stage.