Consumer Staples Jun 09, 2022 08:38 AM (GMT+8)
In June, the northern hemisphere has gradually entered the peak season of coal consumption, with a strong demand side support due to the acceleration of domestic downstream resumption of work and production. On June 7, coke production enterprises in Shandong, Shanxi, Hebei and other regions raised the coke price by 100 yuan / ton, opening a new round of metallurgical coal price rise. As the European Union will ban Russian coal completely in the second week of August, European traders continue to purchase in large quantities in the international market, overseas coal prices are firm, and domestic and foreign prices continue to hang upside down. Analysts said that the coal industry will continue a boom upward cycle for several years under the condition that the coal fundamentals are cyclical and the policy area greatly encourages development.
This text is a result of machine translation.