SMM Daily Review: Some coal types of coking coal continue to fall, coke starts the eighth round of price reductions

Today, the prices of coking coal in Hebei and other places have fallen sharply, and the coking coal market has weakened again. On the supply side, overall changes are not significant, and coal mines continue their previous production pace. On the demand side, as the eighth round of price reductions for coke is imminent, downstream coking plants may further reduce their purchasing enthusiasm, and the demand for coking coal is expected to continue to be weak. In the short term, as the eighth round of price reductions for coke is about to be implemented, coking coal prices will continue to be under pressure, and the short-term weak trend will continue.