Group 1 - Recent adjustments in coking coal prices are influenced by weak demand and limited supply disruptions, with expectations of limited downward space due to pre-holiday stockpiling and seasonal demand [1][3] - The coking coal market has seen a rise in auction failure rates, particularly in Hebei, while other regions maintain good profitability and operational activity [1][2] - Current prices for Shanxi low-sulfur coking coal range from 1400 to 1450 RMB/ton, while Mongolian coal prices are between 950 to 980 RMB/ton [1] Group 2 - Coking coal supply is expected to increase due to higher import volumes, despite some coal mines tightening production [2] - Coking profits have improved, leading to increased production activity, although environmental restrictions have a temporary impact [2][3] - The demand side shows resilience with high furnace iron output remaining above 2.4 million tons monthly, but overall demand pressure persists [2][3] Group 3 - The overall market for coking coal is under pressure with weak price performance, while coking profits are recovering, leading to a potential slowdown in purchasing by steel mills [3] - The cost support for coking coal is diminishing, and the market is facing adjustment pressures, although seasonal expectations and pre-holiday stockpiling may limit further declines [3]
双焦偏弱震荡为主
Qi Huo Ri Bao·2025-09-05 00:36