Group 1 - The coal futures market in China is showing a predominantly positive trend, with coking coal futures experiencing fluctuations and a current increase of approximately 1.79% [1] - Coking coal prices have seen a recent upward trend due to improved profitability in the coking industry, leading to increased operational activity among coking enterprises [2] - However, there is a noted decline in the operating rates of steel mills, indicating a weakening of real demand, which may lead to accumulated inventory pressures for coking enterprises [2] Group 2 - Some futures companies suggest that the current demand for coking coal is weak, with steel mills controlling their intake and exerting downward pressure on raw material prices [2] - The continuous decline in coal prices is reducing support for coking coal prices, leading to a weakening sentiment among coking enterprises [2] - Despite improved profits for coking enterprises, there is an expectation of a short-term weak performance for coking coal, with suggested trading ranges between 1600-1650 yuan/ton [2]
市场悲观情绪渐起 焦炭期货盘面反弹后压力仍存
Jin Tou Wang·2025-12-04 07:05