Core Viewpoint - The coal futures market in China is showing a predominantly positive trend, particularly in coking coal, with prices experiencing fluctuations and an overall upward movement [1] Group 1: Market Performance - The main contract for coking coal opened at 1200.0 CNY/ton and reached a high of 1246.5 CNY, with a low of 1195.0 CNY, resulting in a price increase of 5.33% [1] - The current trend for coking coal is characterized by a strong performance, indicating a bullish sentiment in the market [1] Group 2: Institutional Insights - Dayue Futures suggests that high iron and steel production maintains a strong demand for coking coal, but the recent price drop in coke has pressured profits for coking enterprises, leading to a cautious market outlook [1] - Zhengxin Futures notes that with the recovery in supply and a focus on essential purchases after previous stockpiling, the market is observing a potential shift in procurement strategies based on price movements [1] - Hualian Futures highlights that the recovery in production rates across the industry chain supports strong demand for raw materials, while supply disruptions from coal mines may limit future production capacity [1]
国庆节前补库支撑原料需求 焦煤期货价格大举反弹
Jin Tou Wang·2025-09-16 06:08