Coking Coal Market Remains Flat Ahead of Mid-Autumn Festival, Prices Stagnate

[SMM Daily Comment: Market Trading Remains Flat as the Holiday Approaches, Coke Prices Remain Stable]

As the Mid-Autumn Festival holiday draws near, market trading activity has been relatively subdued today. On the supply side, coal mine production remains stable, and the supply of coking coal is operating steadily. In terms of demand, although there are expectations of an increase in downstream coke prices, with a notable increase in market inquiries, downstream coke enterprises are still primarily conducting procurement based on actual demand, and traders remain cautious. As a result, there has been no significant improvement in short-term demand for coking coal. Consequently, in the short term, coking coal prices are expected to continue to remain stable.