[SMM Daily Report: Willingness to support prices in coking plants grad

Published: Mar 25, 2024 16:35

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[SMM Daily Report: Willingness to support prices in coking plants gradually strengthens, short-term stability in coking market]

Today, the coking coal market has seen a slight rebound compared to last week, with fewer failed online auctions. However, due to cautious purchasing from downstream coking plants and the market's expectation of a slight decrease in coking coal prices, it will still take some time for overall demand to fully recover. On the supply side, safety inspections continue to affect some coal mines' production, but the impact on coking coal supply is minimal and remains stable. Looking ahead, coking coal prices are expected to continue to trend weakly stable.

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