bonusdeluxevideopokerstrategy| Coke and coking coal prices remain stable: Rizhao Port metallurgical coke is increased by 30, and Jinzhong main coking coal is stable

News summary

The coke 2409 contract rose 0.0% late Fridaybonusdeluxevideopokerstrategy.4%, closing at 2265 yuan; the coking coal 2409 contract was flat at 1726 yuan. The port coke spot market rose slightly, affected by changes in the profit level of downstream steel mills and coking coal costs. The coking coal forward market is stable and weak, and the Australian market is facing downward pressure. Mongolia's imported coking coal market is weak, steel prices fluctuate, and terminal profits are compressed. Coke inventories are low and dual coke demand support is strong. It is recommended to revise more ideas. The coke index should refer to 2230-2330 within the day, and the coking coal index should refer to 1680-1760.

Newsletter text

[Coking coal and coke prices in the futures market remain stable]

On Friday night, the coking coal 2409 contract price remained at 1726 yuan, with no increase or decrease. The coke 2409 contract rose slightly by 9 yuan, or 0.4%, to the final closing price of 2265 yuan.

[The port coke spot market shows a strong and volatile trend]

Affected by domestic trade market sentiment, the port coke spot market price rose slightly on the 17th. Market participants need to pay close attention to factors such as downstream steel mill profits, changes in coking coal costs and futures market sentiment to predict the trend of the port coke market.

[Coking coal prices in Linfen Anze market continue to fall]

On the 17th, the price of coking coal in the Anze market in Linfen fell again by 50 yuan/ton, with a cumulative drop of 100 yuan/ton. Low-sulfur main coke clean coalbonusdeluxevideopokerstrategyThe ex-factory price in cash including tax is 1950 yuan/ton.

[Coking coal long-term market shocks and declines]

The Australian forward coking coal market is affected by low enthusiasm for terminal procurement. Market sentiment is wait-and-see, and prices are facing downward pressure. The Russian market remained stable, with the prices of some mainstream coal types falling slightly.

[Mongolia's imported coking coal market performance is weak]

The futures market has risen recently, and the output of molten iron has increased. However, fluctuations in steel prices and weak transactions have led to a decrease in terminal acceptance of high-priced coal. The transaction atmosphere in the Mongolian coal market was light, and prices at ports such as Ganqimaodu, Ceke, and Mandula all dropped.

[Low coke inventories support the market]

Coke inventories remained at a low level, strong downstream replenishment demand, and increased molten iron output provided strong support for the market. Steel mills 'replenishment behavior and increased speculative demand in ports have prompted the market to maintain a bullish trend.

[Coking coal market boosted by macro policies]

Although the decline was led by negative supply in the past few days, due to the introduction of favorable policies at the macro level and the continued recovery of hot iron output, the demand side of the coking coal market has received strong support.

[Market views tend to be more pullbacks]

In the short term, the coke and coking coal markets are expected to be dominated by more corrections. The intraday reference range of the coke index is 2230-2330, and the intraday reference range of the coking coal index is 1680-1760.