Bifocal market sentiment is weak, and coke expectations are increasing

Jinshi Futures, June 5th, this week's average daily output of hot metal has declined slightly, and the output is close to the level of the same period last year. The profitability of steel mills is 52.81%. Steel mills have a certain profit. There is still expectation of resumption of production in the market outlook, and the demand for double coke is expected to be better. Recently, Shanxi Province has begun to resume coal mine production, and coking coal may continue to increase in the market outlook, but this week's coking coal production is still low. Coke has a certain profit, production continues to increase, and the upstream inventory of double coke continues to increase. Recently, the real estate policy has produced great benefits again. It has released purchase restrictions, reduced mortgage interest rates, reduced down payments, and the government has purchased houses. The policy is conducive to the stability of the real estate market, and further strengthened the expectation that steel demand is good. Shanxi Province requires coal mines to increase production, and coking The State Council has issued an action plan for energy conservation and carbon reduction, implemented crude steel production control in 2024, and significantly reduced independent coking capacity, which is bad for double coking.