SMM Daily Market Review: Coking coal prices continue to fall, while the coke market remains stable.

Due to the continued weakening demand from coking enterprises, coking coal prices in Shanxi Province continued to decline today, with online auctions mainly resulting in no transactions.

Looking ahead, downstream coking enterprises are still facing losses, and the purchasing willingness for coking coal remains subdued. Downstream steel mills may continue to consider a seventh round of coke price cuts. As coking enterprises' demand shows no significant improvement, in the short term, coking coal prices are expected to continue their weak trend.