Tiger'sRichesRun| Coking coal market shock adjustment: short-term pressure, price support Keywords: coking coal market, price support, market shock
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The domestic coking coal market is facing slight pressure
Market analysts pointed out that coking coal prices will be under pressure in the short term. On the supply side, most coal mines maintained normal operations, but coking coal production in some regions was tense. The downstream market responded cautiously to the adjustment of coke prices, and the demand for raw coal remained cautious. As a result, coal auctions in Shanxi were cold. The number of orders was limited, mostly existing contracts, and coal prices in some producing areas were lowered.
On the demand side, as coke prices fall, coke companies 'profit margins shrink, high-priced transactions decrease, and purchasing behavior becomes more cautious. However, considering the continued high output of molten iron and the strong demand for raw materials, coking coal prices will be supported in the short term. Analysts believe that the domestic coking coal market will face slight pressure in the short term.
The trading sentiment in the Mongolian coal market is flat, traders mostly adopt a wait-and-see attitude, and the trading atmosphere is cold. Market quotes show that Mongolia-5 raw coal and Mongolia-5 clean coalTiger'sRichesRunThe mainstream quotations are about 1300 yuan/ton and 1660 yuan/ton respectively.
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