Publicado: Apr 12, 2024 16:57
[ SMM Coking Market Weekly Report ] Supply side, the eighth round of coking coal price adjustment landed this week, further increasing the loss of coking enterprises, coking furnace operating rates continued to slightly decrease, and coking coal supply tightened again. On the demand side, although steel mill profits have seen some recovery, purchasing of raw materials by steel mills remains cautious, with on-demand procurement still being the main approach, resulting in stable operation of coking coal demand. Looking ahead, with steel mills gradually resuming production and the recovery of speculative demand from traders, coking coal demand is expected to see a slight rebound. In addition, with coking plants continuing to operate at low levels in the short term on the supply side, the coking coal supply-demand fundamentals are expected to improve. At the same time, as the coking coal fundamentals improve, coking coal futures prices continue to rise, with expectations of a third consecutive rise, leading to increased market confidence. Therefore, with steel mills steadily resuming production, coking coal demand steadily improving, and market sentiment visibly improving, it is expected that coking coal prices will remain strong next week.

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[ SMM Coking Market Weekly Report ] Supply side, the eighth round of c - Shanghai Metals Market (SMM)