Group 1 - The overall performance of the "China Coal Price Index" is strong, with the spot index at 1209 points, up 15 points (1.26%), the bidding index at 1296 points, up 44 points (3.51%), and the long-term contract index remaining flat at 1109 points [1] - Downstream steel prices are also performing strongly, with an increase in production for all steel varieties except cold-rolled, particularly notable in rebar production. There is a pre-season rush in demand, leading to continued growth in construction and plate consumption [3] - The supply-demand balance for steel has improved, supported by strong raw material prices for coking coal and coke, which bolster steel price costs [3] Group 2 - Coking coal prices are also strong, with limited production release from major coal mining areas, maintaining a tight supply situation. Steel companies are primarily engaged in essential procurement of coking coal [5] - The coking coal supply-demand structure is tight, with continuous depletion of inventory at production sites and rising online auction prices. However, many steel companies are experiencing low profit levels, leading to reduced willingness to accept deliveries, suggesting potential narrowing of price increases in the future [5] - The coking industry is seeing improved profits, maintaining normal production levels, and a tight supply-demand situation for coke, with smooth shipments and low inventory levels. A second round of price increases for coke has been fully implemented, indicating expectations for continued strong pricing [4]
新华指数|产地库存持续去化 焦煤指数偏强运行
Xin Hua She·2025-10-31 14:13