Publicado: Mar 8, 2024 17:51
【SMM Coking Coal Market Weekly Report】On the supply side, this week the coking furnace capacity utilization rate continued to decrease slightly, and coking coal supply continued to contract slightly. On the demand side, steel mills mainly replenish their stock as needed, but due to the slow pace of steel mill resumption, overall demand remains weak. Looking ahead, on Friday, several coking plants issued price support letters, indicating opposition to the steel mills' malicious price reduction. On the raw material side, the upstream coal mine prices remain relatively tight, supporting a firm coking coal price and strong coking coal raw material side. On the supply side, currently coking enterprises still have relatively low output, and with no further deterioration in profits, the probability of further production cuts is not high. It is expected that the supply will remain stable next week. On the demand side, the steel mill resumption rate is slow and the purchasing enthusiasm is not high, so the demand is expected to remain low. Therefore, overall, in the situation of weak supply and demand, it is expected that the coking coal price will remain stable next week.

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