B · Normal
[The resumption of production in the main production areas is still progressing in an orderly manner, and coking coal has been weakly adjusted and operated] On October 30, coking coal in the domestic market has been weakly adjusted and operated. On the supply side, this week some coal mines in Luliang and other places completed their monthly production tasks and suspended production. The daily output of raw coal decreased by 16,000 tons month-on-month, and pit head inventories declined slightly. However, the resumption of production in main producing areas is still progressing in an orderly manner. Overall, expectations for short-term contraction on the supply side and medium- and long-term easing are still there. On the demand side, the average daily hot metal output of 247 steel mills this week was 2.3187 million tons, a decrease of 4,300 tons from the previous month, continuing the downward trend. Profitability levels remain low, trading sentiment in the downstream market continues to be weak, and procurement enthusiasm is insufficient. Overall, we insist on on-demand procurement. (My Steel Net)
coal 🕐 2026-10-30 19:26

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