Coking Coal Prices Steady Amid Steady Supply Recovery and Anticipated Stable Demand

[SMM Daily Commentary: Coking Coal Prices Remain Stable, and the Fundamentals of Coke Supply and Demand May Improve]

On the supply side, coal mines are operating steadily, and the supply of coking coal has recovered to a relatively high level. In terms of downstream demand, after the seventh round of price cuts for coke, some coke enterprises have the need to bottom fish and replenish their inventories, leading to slight increases in coal prices in certain regions. Looking ahead, since there is still room for the operating rates of downstream coke enterprises to decline, it is difficult for the demand for coking coal to improve significantly in the short term. However, considering the low inventory levels of the downstream sector, it is expected that the overall demand for coking coal will remain stable. Consequently, the prices of coking coal are also anticipated to fluctuate within a narrow range.