SMM Daily: Some types of coking coal slightly dropped, while the coking coal market is expected to remain stable in the short term. Today, the coking coal market continued to trade weakly, with prices of some types of coal slightly declining. Looking ahead, coking enterprises continue to operate at low levels, downstream steel mills still have expectations for lower coking coal prices, so coking enterprises will continue to purchase on demand in the short term, and overall sentiment remains relatively pessimistic. In addition, on the supply side, coking coal supply overall remains stable. Therefore, with demand staying low, coking coal supply will continue to be relatively ample, leading to coking coal prices to remain stable with a slight downside in the short term.
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