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[Mysteel Dual-Focus Sentiment] Survey on market sentiment for coking coal and coke next week, conducted on the 20th

2020-11-25View Original

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On the 20th, our website took 124 companies in the coke industry and 150 companies in the coking coal industry as samples to conduct a survey on market price expectations for coking coal and coke in the coming week. The sentiment index for coking coal was 73.33, up by 7.34 compared to the previous week, while the sentiment index for coke was 78.63, down by 4.33 from the previous week. The coking coal market has remained strong this week. Frequent safety inspections in coal mines in Shanxi and Shaanxi provinces have made it difficult to increase the supply of coking coal, while demand from downstream users continues to remain high. Recent rain and snow weather has also affected the shipment of coal. Based on the comprehensive sentiment survey results, the sentiment in the coking coal market this week declined slightly compared to last week, with the proportion of companies optimistic about the coking coal market next week dropping to 46.67% ; Looking ahead, the proportion of companies that are optimistic about the market rose to 53.33%, with no company being pessimistic about the coal market in the future. The coke market has shown strength this week; the seventh round of price increases for coke producers has taken effect. These producers have ample orders, good profit margins, and little pressure to sell their products. However, after several rounds of price increases, fear of further rises in prices has also increased in the market. Based on the comprehensive sentiment survey results, market sentiment declined slightly this week compared to last week. 57.26% of companies are optimistic about the market next week, while 42.74% expect stability in the market conditions; no companies are pessimistic about the market next week.

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