【SMM daily review: Market still anticipates a second round of price re

Published: Jan 8, 2024 13:41

Save

【SMM daily review: Market still anticipates a second round of price reductions for coking coal】 Overall, some coking enterprises are experiencing a buildup of inventory, leading to a relatively loose supply of coking coal. In addition, the cost support for coking coal is gradually weakening. As a result, the market still anticipates a second round of price reductions for coking coal. In the short term, the coking coal market may continue to operate steadily but with a slight weakness.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

MMi Daily Iron Ore Report (September 2)

Iron ore futures traded softer today. The DCE most-active contract I2701 settled at RMB 714.0/mt, down 1.11% from the previous trading day.

1 hour ago

Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]

1 hour ago

3 hours ago

[ Canada to Impose 50% Retaliatory Tariff on US Steel ]

The Canadian government announced a 50% retaliatory tariff on United States exports of steel and aluminum, scheduled to take effect on September 8, 2026. The aggressive trade measure directly responds to the recent collapse of bilateral metal trade negotiations and the implementation of US tariffs. The cross-border penalties threaten to heavily disrupt integrated North American steel supply chains ahead of the fast-approaching deadline.

3 hours ago