Coking Coal And Coke Markets Resumed Operation

Coking coal market:
Coal mines that were shut down for rectification due to safety accidents resumed production one after another, and supply recovered slowly.
The overall shipments of coal mines are acceptable, and the inventory pressure is not large. Except for some coal mines that are slow to adjust prices, there are cases of supplementary increases, and the prices of most coal mines are stable.
Recently, the transaction prices of online auctions of coal mines have been mixed, and the phenomenon of unsold auctions has increased again, and the momentum of continued price increases in the coking coal market has been suppressed.
Coke market:
On the supply side, coking plant still maintained normal production, and had low inventory on improved demand.
On the demand side, the output of molten iron in steel mills remains high, and the demand for coke is acceptable. However, the recent decline in steel prices has led to weak overall market transactions. In addition, the steel market is in an off-season for consumption, and terminal demand is lower than expected. The market sentiment has weakened.
On the whole, with the sharp drop in the futures market, the weakening of steel prices, and the rise and fall of some coking coal prices, coking steel companies are still in a game state, and it is more difficult for the first round of short-term coke price hikes to land.