SMM Daily: Northern Rain and Snowy Weather Affects Operations, Coking Coal Prices Remain Stable

The coking coal market operated steadily today compared to yesterday, as most coal mines have gradually started their New Year holidays with the approaching Spring Festival. Most state-owned mines are still operating normally. Although the transportation may be affected by the rain and snow in the north, the purchasing enthusiasm of downstream coking plants and steel mills is not strong, so it is expected that the coking coal market will remain stable in the short term with minimal fluctuations.