Publicado: Dec 29, 2023 16:16
【SMM Daily Review: Increasing Weak Sentiment in Coking Coal Market】Overall, there has been a significant improvement in the delivery situation at steel mills, with coking coal inventories increasing to a reasonable level and a decrease in the demand for replenishing stocks. The bidding prices for coking coal have also seen a slight decline, with an increase in the number of unsuccessful bids. Cost support is weakening, coupled with a pessimistic attitude among traders, leading to a decrease in purchasing enthusiasm. As a result, there is an increasing weak sentiment in the coking coal market, and it is expected to operate stably before the New Year, with the possibility of the first round of price reductions for coking coal starting after the holiday.

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【SMM Daily Review: Increasing Weak Sentiment in Coking Coal Market】Ove - Shanghai Metals Market (SMM)