Group 1 - The coal futures market in China is showing a predominantly positive trend, with coking coal futures experiencing fluctuations and a current increase of approximately 2.19% [1] - The main coking coal futures contract opened at 1686.0 CNY/ton, reaching a high of 1740.5 CNY and a low of 1647.5 CNY during the trading session [1] - The supply of raw materials is gradually improving, with iron output reported at 242.44 million tons, an increase of 2.63 million tons, indicating strong coal mine pricing intentions [1] Group 2 - Market sentiment is bullish due to the strong performance of black series futures, supported by stable demand from downstream steel mills and rising coking coal prices [2] - The coking coal market is expected to maintain a strong position in the short term, with operational ranges for coking coal futures projected between 1700-1750 CNY [2] - The average loss per ton of coke for 30 independent coking plants in China is reported at 43 CNY, indicating a challenging profit environment for coking enterprises [1]
供需支撑转强 预计短期焦炭或延续偏强运行
Jin Tou Wang·2025-07-23 06:36