Core Viewpoint - The domestic coal futures market is experiencing a strong upward trend, particularly in coking coal, with significant price fluctuations observed on August 5th [1] Group 1: Market Performance - Coking coal futures opened at 1140.0 CNY/ton, reaching a high of 1157.5 CNY and a low of 1111.0 CNY, with an approximate increase of 3.66% [1] - The overall market performance for coking coal is characterized by a strong upward trend, indicating robust trading activity [1] Group 2: Supply and Demand Analysis - Domestic coking coal production has decreased month-on-month, and inventory levels have also declined, contributing to a stable raw material demand despite a reduction in iron output [1] - Market sentiment around anti-involution policies has cooled, suggesting potential for short-term fluctuations following previous declines [1] Group 3: Future Outlook - If strict enforcement of overproduction checks in coal mines continues, supply contraction expectations may persist, keeping coking coal prices strong [1] - However, an increase in imported Mongolian coal or a peak and subsequent decline in steel mill iron output could pressure price increases [1] - Investors are advised to closely monitor fundamental and policy developments, maintaining a cautiously optimistic outlook on price trends [1]
原料需求较稳定 焦煤2601价格有望保持强势
Jin Tou Wang·2025-08-05 06:05