News Summary Core Viewpoint - The current state of the coking coal market shows an increase in inventory days for major steel mills, while prices in the spot market are experiencing a decline, indicating potential challenges for coking enterprises and a shift in market dynamics [1][3][4]. Group 1: Inventory and Pricing - As of December 18, the available days of coking coal inventory for major steel mills is 8.38 days, marking a continuous increase for five weeks, with most steel mills' inventories rising above the median level [1] - The spot market price for premium metallurgical coke at Rizhao Port is reported at 1460 RMB/ton, a decrease of 20 RMB/ton from the previous period [1] Group 2: Market Dynamics and Forecasts - Nanhua Futures indicates that the third round of price reductions for coking coal has been fully implemented, leading to some coking enterprises facing losses, while the inventory structure of coking coal is expected to improve [3] - Guotou Anxin Futures notes that coking profits are generally low, with a slight decrease in daily production and limited purchasing activity from downstream sectors, suggesting a prevailing bearish sentiment on raw material prices [4]
焦炭三轮提降全面落地 期货价格大概率以震荡为主
Jin Tou Wang·2025-12-25 06:07