Publicado: Nov 24, 2023 19:39
【SMM Coking Coal Market Weekly Report】Key points: On the supply side, this week's coking coal sales by coking enterprises remained good, maintaining a low inventory level, but most coking enterprises expanded losses, leading to a decrease in production enthusiasm and a further reduction in coking coal supply. On the demand side, steel mills also maintained a good profit this week, with high iron production, resulting in a rigid demand for coking coal. However, the enthusiasm of traders to take goods has decreased, leading to an overall weakening of coking coal demand. On the cost side, a coal mine accident in Shanxi this week led to the suspension of production in some coal mines, continuing to tighten the supply of coking coal. Given the continued existence of rigid demand from downstream coking and steel companies, coking coal prices may see a small increase again. In conclusion, the supply and demand of coking coal are relatively balanced, but the coal mine accident could lead to further increases in coking coal prices and an increase in coking costs. There is still the expectation of a second round of coking coal price increases, and the coking coal market may operate steadily with a slight bias towards strength next week.

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