[Coal Market Review and Outlook for 2023 and 2024]

The biggest influencing factor for the 2024 coal market remains the change in domestic coking coal production.

1. With the guidance and assistance from the State Council's Work Safety Committee, domestic coking coal supply is expected to increase, with the main increase in imported coal still coming from Mongolia.

2. There will still be net production of coking capacity in 2024, which will exacerbate the overcapacity of coking enterprises.

3. The domestic supply and demand of coal will continue to maintain a tight balance...