【SMM Daily: Weak supply and demand as the Spring Festival approaches, steady operation of coking coal prices】

Today, the coking coal market is running steadily compared to yesterday. As the Spring Festival approaches, most private coal mines are on holiday, and the reduction in supply is significant. On the demand side, downstream coking steel enterprises have basically completed their inventory replenishment, and short-term demand is relatively weak. At the same time, affected by snowfall, transportation in some areas is hindered, resulting in weak supply and demand fundamentals for coking coal. Looking ahead, downstream terminal demand is gradually stagnating, and it is expected that coking coal prices will remain steady in the short term.