SMM Daily Review: Coking coal initiates second round of price increases, market sentiment bullish

Today, the coking coal market saw relatively active trading, with online auctions being particularly strong. Some coking plants have just started to replenish their stock, leading to a noticeable increase in coking coal prices in the Shanxi region. On the supply side, coking coal supply is tightening overall due to the increasingly strict safety inspections at coal mines. In the short term, driven by the strong demand for replenishing stock downstream, coking coal prices are expected to run on the stronger side in the short term.