On January 7, due to favorable macroeconomic news, black futures rose strongly overall, and the main contracts for coking coal and coke rose and stopped. Affected by this, market procurement sentiment has heated up, speculative demand for coking coal has increased, steel mills' enthusiasm for coke procurement has also increased, and expectations that coke will continue to decline have weakened. Looking at the spot market, at present, coking coal kengkou transactions have improved slightly, prices may have stabilized, and coke cost side support has increased; however, in terms of supply and demand, the starting load of coking plants is stable, and some coking companies still have stocks. Recently, they have maintained active delivery, and the supply of coke has remained adequate in the short term; although downstream steel mills are currently recovering in stages, there are still new maintenance of blast furnaces before the Spring Festival. Iron water production remains low and fluctuates, and support for coke demand is limited, and demand for coke is limited. Most steel mills maintain initial procurement, have yet to concentrate on stocking, and short-term coke supply and demand remain slightly relaxed. Coke prices are expected to operate steadily for the time being.

On January 7, due to favorable macroeconomic news, black futures rose strongly overall, and the main contracts for coking coal and coke rose and stopped. Affected by this, market procurement sentiment has heated up, speculative demand for coking coal has increased, steel mills' enthusiasm for coke procurement has also increased, and expectations that coke will continue to decline have weakened. Looking at the spot market, at present, coking coal kengkou transactions have improved slightly, prices may have stabilized, and coke cost side support has increased; however, in terms of supply and demand, the starting load of coking plants is stable, and some coking companies still have stocks. Recently, they have maintained active delivery, and the supply of coke has remained adequate in the short term; although downstream steel mills are currently recovering in stages, there are still new maintenance of blast furnaces before the Spring Festival. Iron water production remains low and fluctuates, and support for coke demand is limited, and demand for coke is limited. Most steel mills maintain initial procurement, have yet to concentrate on stocking, and short-term coke supply and demand remain slightly relaxed. Coke prices are expected to operate steadily for the time being.