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焦煤焦炭主力合约日间盘尾盘拉涨,供需偏弱格局或对后期价格形成压力
Xin Hua Cai Jing· 2025-10-16 08:19
Core Viewpoint - Domestic commodity futures saw most main contracts rise, with coking coal and coke experiencing a significant late-session surge, indicating a mixed market sentiment influenced by supply and demand dynamics [1] Group 1: Market Performance - As of the close at 15:00, coking coal, polysilicon, and liquefied petroleum gas rose over 3%, while lithium carbonate, red dates, and coke increased over 2%. Gold, methanol, and glass saw gains exceeding 1%, and other commodities like caustic soda, styrene, and wire rod experienced slight increases [1] - On the downside, the shipping index (European line) and live pigs fell over 3%, with apples, peanuts, and eggs dropping over 1%. Minor declines were noted in corn starch, alumina, and soybean meal [1] Group 2: Future Outlook - According to Zijin Tianfeng Futures research, the overall supply and demand for coking coal is weaker compared to pre-holiday levels, but upstream inventory is low. The strength in thermal coal spot prices is boosting market sentiment, suggesting limited downside for coking coal prices. Future attention will be on potential policy changes and coal mine resumption [1] - Industrial Futures research indicates that the recent full-load trial of Mongolian coal imports may weaken expectations for supply limits under "industrial regulation," potentially creating price pressure. Additionally, increasing anti-dumping pressures from the EU on steel may weaken future demand for coal and coke, leading to a deterioration in short-term market sentiment. Overall, the short-term trend for coking coal and coke is expected to be weak and volatile [1]