Publicado: Dec 8, 2023 16:28
【SMM Coking Coal Market Weekly Report】Key points: On the supply side, the coking coal sales of coking enterprises have been acceptable this week, with most coking enterprises maintaining zero inventory. However, coking enterprises are once again in a state of loss, with average production enthusiasm and an expected tightening of coking coal supply. On the demand side, the production of molten iron in steel mills has noticeably decreased this week, weakening the immediate demand for coking coal. However, some steel mills have a winter stock replenishment demand for coking coal, resulting in a relatively small decrease in demand. On the cost side, some accident-prone coal mines have resumed production, increasing the supply of coking coal. However, downstream coking and steel enterprises are still conducting winter stockpiling, maintaining strong coal mine prices. In summary, the supply and demand of coking coal is shifting towards a looser market, but the strong support of coking cost will likely lead to the implementation of the third round of coking coal price hikes. Therefore, the coking coal market next week may operate in a stable and slightly strong manner.

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【SMM Coking Coal Market Weekly Report】Key points: On the supply side, - Shanghai Metals Market (SMM)