SMM Daily Comment: The short-term coking coal market may run slightly

Published: Aug 4, 2023 13:24

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SMM Daily Comment: The short-term coking coal market may run slightly stable. Generally speaking, the blast furnaces of steel mills have resumed production and the output of pig iron has continued to rise, which is still positive for coking coal procurement. However, some steel mills are affected by the policy of reducing crude steel production, and the futures market has dropped significantly, causing the market sentiment to be slightly depressed. The demand for coking coal tends to be weak, and the short-term coking coal market may run slightly stable.

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