Group 1 - The core viewpoint indicates a weak performance in the coking coal futures market, with the main contract reported at 1123.5 yuan/ton, reflecting a decline of 1.36% as of September 10 [1] - On September 10, ETT Company from Mongolia conducted an online auction for coking coal, with a starting price of 64.8 USD/ton for 6.4 million tons, all sold at the base price, with delivery to be made within 52 days after payment [2] - Shaanxi Coal Industry reported an increase in coal production to 14.30 million tons in August, a year-on-year growth of 5.27%, and a total electricity generation of 5.239 billion kWh, up 15.3% year-on-year [2] Group 2 - According to Ningzheng Futures, the short-term coking coal market is characterized by weak fundamentals, influenced by accumulated downstream inventory and slow demand recovery [3] - Jianxin Futures noted that after a significant correction since mid-August, the dual coking futures have released most of the bullish risks, with limited room for price reduction in the future due to low inventory levels at coking plants and steel mills [3] - The future rebound in the coking coal and coke market is anticipated, although there may be short-term fluctuations, with attention needed on the recovery pace of material profits and the willingness of steel and coking plants to replenish raw material inventories [3]
下游库存累积 焦煤期货呈现弱势格局
Jin Tou Wang·2025-09-10 06:09