Publicado: Nov 17, 2023 17:08
Profits are expected to be restored soon, but some coking companies are suffering from large losses. The start-up rate of coking furnaces has decreased. The first round of coking coal price increase is still expected to be implemented, and the losses of coking companies may be restored. However, due to the coal mine accident in Shanxi, the supply of coking coal is tight in some areas, and the price of some coal types is still expected to rise, which will further squeeze the profits of coking companies. In addition, downstream steel mills and traders will continue to purchase actively, and the shipment of coking coal is good, but the losses of coking companies are large. Even if coking coal has a first round of price increase, some coking companies will still be in the red, and production restrictions may be further expanded. The utilization rate of coking furnaces of coking companies may decrease next week.

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