焦炭期货价格震荡下行 市场供需格局变化显著

recent trading session, the焦炭 futures prices continued to decline, closing at 1618.5 yuan per ton for the c炭2505 contract, a decrease of 38.5 yuan per ton from the previous trading session, with a跌幅 of 2.32%. The holding volume increased by 1843 hands. In terms of the现货 market, the quoted price for first-class metallurgical coke at日照港 fell by 10 yuan per ton to 1370 yuan per ton.

The供应端 was influenced by profit margins and environmental protection policies, leading to a decline in the开工率 of焦化 enterprises.部分 enterprises remain under production restrictions, with overall开工 rates at a moderate level. The库存 situation at production sites remained stable, with trade merchants maintaining a观望 attitude.

On the demand side, as steel prices retreated,部分 trade merchants entered the market for procurement. With the gradual resumption of production at steel enterprises and an increase in生铁产量, the demand for焦炭 has been supported. Despite this,由于 the 05 contract prices were significantly higher than the现货 market,市场 corrections began to take place.

Overall, market participants expect the焦炭 futures prices to remain weak and stabilize in the short term, with attention to the dynamics between supply and demand as well as changes in production policies in the steel sector.

【财醒来点评】：当前，焦炭期货市场的波动反映了整个黑色产业链的复杂局势。尽管钢厂复产增加了焦炭的需求，但供应端的限产政策和国际市场环境的不确定性继续对价格形成压力。短期来看，焦炭期货价格可能会维持弱势整理，但需密切关注钢材需求的进一步恢复情况以及环保政策的执行力度。对于投资者而言，建议保持谨慎，避免盲目追涨杀跌，同时密切跟踪市场动态，以便及时调整投资策略。在操作层面，建议采取波段操作策略，设置合理的止损止赢点，以规避市场波动风险。中期来看，焦炭期货的走势仍然与宏观经济政策和行业供需变化密切相关，建议投资者持续关注政策面信息和行业数据变化，做好充分的市场调研和风险评估。