SMM Daily: Coal mine safety inspections continue to tighten, coking coal prices remain stable

On the supply side, another coal mine has reportedly halted production due to safety inspections, which may further stimulate bullish sentiment for coal prices. Overall, coking coal supply remains relatively stable. On the demand side, downstream coking companies have weak purchasing intentions, mainly purchasing on demand with a few companies making small supplementary purchases. Overall, coking companies have strong demands for lower coal prices, but with the background of tightening safety inspections, it is difficult for coking coal supply to increase significantly. Therefore, it is expected that coking coal prices will continue to trend weakly stable in the short term.