连跌3日创逾两个月新低,焦煤后续怎么走?
Xin Lang Cai Jing·2025-11-20 09:44

Group 1 - The core viewpoint of the article indicates that the domestic commodity futures market, particularly coking coal, is experiencing a downward trend due to weak fundamentals, with the main contract dropping over 3% to 1113.5 yuan/ton, marking a two-month low [1] - Supply expectations have increased following a meeting on heating supply, leading to a potential rise in coal mine supply, while demand is weakening due to seasonal factors, causing steel and coking enterprises to slow down raw coal procurement [1][4] - The market sentiment remains cautious, with traders observing the situation closely as the demand from downstream sectors has decreased, impacting procurement strategies [4][7] Group 2 - Analysts suggest that coking coal is currently in a trading range between 1300 and 1100, with short-term support around 1103; a break below 1100 could lead to further declines towards 1090-1060 [3] - The overall market sentiment is weak, with many products experiencing declines of over 1%, indicating a lack of clear signals for a bottoming out [5] - The supply side shows slight increases in coking coal production, but the overall supply remains cautious due to environmental and safety inspections in major coal-producing areas [4][7]