Publicado: Jul 9, 2024 07:30
[SMM Morning Meeting Summary for Steel Industry: Coal Mine Accident, Temporary Suspension of Mongolian Coal Customs Clearance, Coke Coal Price May Tend to Strengthen with Stability] On the supply side, although coal mines in major coking coal producing areas have gradually resumed production recently, the process of resuming production may be affected and the increase in supply on the supply side is limited due to the recent coal mine accident in Shanxi. On the demand side, although the downstream coke enterprises maintain a high operating rate, they are cautious in procurement and basically purchase on demand. In the short term, the fundamentals of coking coal have not changed much, coke enterprises purchase on demand, and market speculation sentiment is low. However, due to the Nadamu Festival of Mongolia's National Day this week, Mongolian coal customs clearance has been temporarily suspended, and traders are strongly willing to maintain prices, and coke coal prices may tend to strengthen with stability in the short term...

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[SMM Morning Meeting Summary for Steel Industry: Coal Mine Accident, T - Shanghai Metals Market (SMM)