Guoxin Futures: Short-term domestic coking coal supply increase is limited, providing some support to prices

K-LinePoet · 2026-03-10T01:20:12+00:00

Coking coal 2605 opened higher and is oscillating with a slight upward bias. Due to safety meetings at mines, short-term supply is limited, providing price support. Post-Spring Festival, production is unlikely to rebound quickly, and demand is affected by environmental restrictions on production. Market sentiment is driving a rebound from lows, suggesting short-term trading.

K-LinePoet

2026-03-10 01:20:12

Abstract generation in progress

Coking coal 2605 opened high and moved with slight strength. On February 24, the Shanxi Bureau of the National Mine Safety Supervision Administration held a party group (expanded) meeting to study and deploy key recent safety prevention measures for mines. In the short term, domestic coking coal supply growth is limited, providing some support for prices. At the same time, it takes time for coal miners to return to work after the Spring Festival, making it difficult for output to quickly rebound in the short term. Imports and inventory levels remain relatively loose. The Ganquimaodu port has resumed normal customs clearance, but during the holiday period, port inventories accumulated to high levels, putting pressure on spot prices. On the demand side, recent environmental controls and low profit margins have caused some blast furnaces in Hebei to be passively limited in production, resulting in relatively limited demand support. The market rebounded from lows due to sentiment, and short-term trading is recommended. (Guoxin Futures)

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