Telah Terbit: Apr 19, 2024 18:07
【SMM Coking Coal Market Weekly Report】On the supply side, due to the significant increase in upstream coal prices, coking plants' profits have not been noticeably restored, so the enthusiasm for coking plant resumption is not high. In addition, the current market sentiment is bullish, with some coking plants reluctant to sell at a low price, so the overall market supply is tight. On the demand side, steel plants are gradually resuming production at a normal pace, and coking coal purchases have increased. As for traders, speculative demand is performing well, leading to an overall expansion of demand. The coking coal supply and demand fundamentals have improved significantly. Looking ahead, coking coal demand will continue to improve as downstream steel plants steadily resume production. Due to the overall strong performance of coal prices, it is expected that the increase in coking plant capacity will be lower than the expansion in demand, resulting in a continued tight supply situation in the short term. Therefore, with the dual drive of significant demand improvement and strong raw material prices, coking coal prices are expected to continue to run strong, and coking coal is expected to see a second round of price increases next week.

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