安全检查趋严导致供应紧张 焦炭期货易涨难跌

Core Viewpoint - The coal futures market in China, particularly for coke, is experiencing a strong upward trend, with fluctuations in prices driven by supply constraints and demand dynamics [1][2]. Group 1: Supply Dynamics - The price of coking coal has risen sharply, increasing production costs for coke producers, which has led to a deterioration in profit margins for some companies, prompting expectations of production cuts [1]. - Safety inspections in major coal-producing regions are tightening, contributing to supply constraints [2]. Group 2: Demand Dynamics - Steel mills are maintaining high operating rates, but their profits are under pressure, leading to a focus on purchasing based on immediate needs [1]. - There is a noticeable decrease in metallurgical coke inventory at some steel mills, indicating an increase in procurement demand [1]. Group 3: Market Outlook - Analysts expect the coke market to experience wide fluctuations in the short term, with potential upward price pressure due to rising production costs and stable demand from steel mills [1][2]. - The market is closely watching whether coke prices can effectively break through existing resistance levels [2].