Publicado: Oct 18, 2023 18:09
According to SMM, the start-up situation of coking enterprises is good, the shipment is more active, the inventory pressure is low, but the cost support is slightly weakened, and the third round of coking coal price increase may be shelved. In addition, the elimination work of 4.3-meter coking furnace in Shanxi Province is progressing steadily, some coking furnaces have stopped coal loading and withdrawn in advance, and the supply of coking coal is expected to be tightened in the later period. On the demand side, the current steel mills are in the red, and the willingness to accept high-priced coking coal is not high. Moreover, the number of blast furnace overhaul plans has increased, the demand for coking coal has weakened, and the enthusiasm of some steel mills for coking coal procurement has decreased. In general, the start-up of coking enterprises remains stable, but the loss of downstream steel mills is expanding, the shutdown and maintenance is increasing, the demand for coking coal is decreasing, and the cost support is weakening. In the short term, the coking coal market may be temporarily stable.

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