[SMM Daily Comment: The price of coking coal has seen a slight decline in some regions, and steel mills have initiated the first round of coke price increases and cuts]

On the supply side, most coal mines are producing normally and supply remains stable. On the demand side, downstream coke enterprises have become increasingly cautious, with online auction transactions decreasing and the price of coking coal falling slightly in some regions. In addition, steel mills have initiated the first round of coke price increases and cuts today, further adding to the bearish sentiment in the market. It is expected that the price of coking coal will remain stable but weak in the short term.