Telah Terbit: May 8, 2024 16:50

[SMM Daily Comment: Steady Recovery in Steel Mills' Molten Iron Output and Stable Operation of Coke Market]

Today, the coking coal market mainly maintained a stable operation. On the demand side, although the coke oven operation has recovered significantly after the repair of coke enterprises' profits, with the rise in coal prices, coke enterprises have become more cautious in procurement and generally adopt a demand-based procurement strategy. On the supply side, coal mines are operating normally, and there are few changes in supply. As the fifth round of coke price increases is still expected, the price of coking coal is expected to continue to run in a stable-to-strong manner.

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[SMM Daily Comment: Steady Recovery in Steel Mills' Molten Iron Output - Shanghai Metals Market (SMM)