Consumer Staples Feb 15, 2022 08:09 AM (GMT+8)
Haitong Securities Research Report said that due to the impact of environmental protection and production restriction in autumn and winter and the Winter Olympic Games, steel coke enterprises are subject to a certain degree of production restriction. At the same time, due to the correction of coke price and the temporary stability of coking coal price, some coke enterprises actively limit production due to losses, resulting in the decline of operating rate of coke enterprises. In terms of coking coal, with the continuous production restriction of steel coke and the continuous price reduction of coke, the short-term coking coal price may also be under pressure. However, in the long run, due to the delay of carbon peak in the steel industry and the background of stable growth, the demand for coal coke may change from pessimism to optimism, which is conducive to the improvement of valuation of coal coke plate.
This text is a result of machine translation.