SMM Iron and Steel Morning Meeting Summary: Futures market fluctuates

Published: Jan 24, 2024 07:04

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SMM Iron and Steel Morning Meeting Summary: Futures market fluctuates upward, spot market prices remain stable with some increase.

The price of low-sulfur primary coking coal in Linfen is 2500 yuan per ton. The price of low-sulfur primary coking coal in Tangshan is 2450 yuan per ton.

Due to holidays and safety checks, coal production is at a low level, and there have been several coal mine accidents in Shanxi, resulting in the overall tight supply of coking coal. In addition, downstream procurement is moderate, reducing the sales pressure of coal mines. As a result, coking coal inventory in the plants has decreased, and the market's bearish sentiment has weakened, with expectations of a small rebound in some coal prices.

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