Group 1 - The main futures contract for coking coal experienced a slight decline of 0.25%, closing at 1577.0 yuan after reaching a low of 1562.0 yuan [1][2] - The fundamental performance of coking coal is considered acceptable, but upward driving forces are weak, with a stable increase in supply and a slight improvement in profitability for coking enterprises [2] - The average daily iron output from 247 steel mills is 240.1 million tons, with a slight decrease of 0.1 million tons week-on-week, indicating that steel mills are maintaining good profitability [2] Group 2 - Short-term expectations suggest that coking coal will continue to stabilize due to increased downstream demand and positive inventory turnover for coking enterprises [3][5] - Coking coal futures are expected to maintain low-level fluctuations, influenced by ongoing trade disturbances and uncertain policies, despite some recovery in coking enterprise profits [4] - The market sentiment is marginally improving due to expectations of easing trade tensions, but long-term pressures from costs and terminal demand remain [4]
成本端和需求带来中长期压力 焦炭向上驱动不强
Jin Tou Wang·2025-04-27 06:08