Coke Futures Stabilize Amid Fourth Price Cut Round; Market Sentiment Remains Bearish

Publicado: Aug 15, 2024 17:00
[SMM Daily Commentary: Fourth Round of Coke Price Reduction Takes Effect, Coke Futures Stabilize and Rebound] Although coking coal futures stabilized and rebounded today, the fourth round of coke price reductions has taken effect in the spot market, and market sentiment remains bearish. Downstream coking plants are mainly adopting a wait-and-see approach for procurement, coal mines are facing difficulties in shipping out goods, and online auctions are mostly unsuccessful. In the short term, since there are still expectations of coke price reductions, coking coal prices will continue to operate on the weak side.

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[SMM Daily Commentary: Fourth Round of Coke Price Reduction Takes Effe - Shanghai Metals Market (SMM)