Supply side recovery, Meng coal clearance volume operating at a high level, import pressure still exists, downstream coking enterprises maintain just-needed procurement

K-LinePoet · 2026-02-23T22:44:33+00:00

Hualian Futures Research Report shows that the main contracts for coke and coking coal are fluctuating and declining, with supply recovering and import pressure remaining. Coke producers' profits are sluggish, and steel mills' demand is weak. The market anticipates policy adjustments to reduce production, leading to overall commodity sentiment fluctuations. Both real estate investment and sales have declined, and future attention should be paid to market sentiment and policy regulation.

K-LinePoet

2026-02-23 22:44:33

Abstract generation in progress

Hualian Futures’ research report on February 5th shows that on Thursday, the main contract for coke fluctuated and declined, and the main contract for coking coal fluctuated and declined; supply has recovered, Mongolian coal customs clearance volume remains high, import pressure still exists, downstream coke producers maintain just-in-time procurement; expectations for the fifth round of coke price increases have cooled, with some coke producers initiating the first round of price hikes; coke producer profits remain low; steel mills’ pig iron output is weakly stable, procurement is mainly just-in-time; the supply and demand for dual coking coal are relatively weak; the market expects policy adjustments to reduce production, and overall commodity market sentiment is changing rapidly. News: Indonesia reduces export quotas; the National Bureau of Statistics announced the basic situation of the national real estate market in 2025, with China’s real estate development investment in 2025 totaling 82.788 trillion yuan, down 17.2% year-on-year; new commercial housing sales area decreased by 8.7% year-on-year, and new commercial housing sales revenue decreased by 12.6%. Key focus areas include market sentiment, policy regulation, capacity constraints, and import coal customs clearance volume.

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