大宗商品狂欢退潮！焦煤主力合约跌超10%

Core Viewpoint - The commodity market has cooled down significantly after a period of exuberance, with major declines observed in various commodities such as coking coal and lithium carbonate [1] Group 1: Commodity Price Movements - Coking coal prices fell over 10%, while coking coal and lithium carbonate dropped by 7.44% and 7.98% respectively [2] - Other commodities like glass and soda ash also experienced declines exceeding 7% [2] - The Wind coal index dropped by 2.79%, with specific companies like Zhongshan Xifeng Coal and Zhengzhou Coal Power seeing declines of over 5% [2] Group 2: Supply and Demand Dynamics - Recent supply-side contraction expectations have led to significant price increases in coking coal (over 40%) and coking coal (over 20%) in the previous week [2] - Research indicates that most coal mines in Shanxi have not received formal notices regarding overproduction, and production has not yet been affected [3] - In regions like Shaanxi, some coal mines are still in self-inspection stages without halting production, while others in Henan, Shandong, and Anhui report low production capacity due to resource depletion [3] Group 3: Market Reactions and Future Outlook - The recent price increases in coking coal and coking coal have been driven by expectations of reduced production, with the price of metallurgical coke reaching 1430 yuan/ton [3] - Steel mills have reduced maintenance and increased production, which may lead to a rise in output in the coming week [4] - The Dalian Commodity Exchange has implemented trading limits on coking coal futures to manage market volatility [4]