SMM Daily: The sixth round of coke price cuts lands, coking coal prices continue to be under pressure

On the supply side, due to the severe situation of safety inspections, the supply of coking coal continues to be low. On the demand side, coking enterprises continue to suffer losses, leading to a weaker purchasing willingness, with most companies purchasing on an as-needed basis. Looking ahead, with the sixth round of coke price cuts landing today, coking plants will suffer further losses, leading to a further weakening of purchasing enthusiasm, and coking coal prices are expected to continue to be weak.