【SMM Daily Report: Market Trading Almost at a Standstill Approaching Spring Festival, Post-Holiday Steel Price Recovery May Fall Short of Expectations】

Today, the coking coal market has remained stable compared to yesterday, with demand from downstream coking and steel enterprises basically completed inventory replenishment. Additionally, the impact of heavy snowfall in many areas is expected to main stable demand before the Chinese New Year. On the supply side, the Spring Festival holiday and safety production measures have significantly reduced production at coal mines. The coking coal market is in a state of weak supply and demand.