SMM Daily Report: Coking coal prices continue to weaken, expectations for the sixth round of coke price cuts are strong

In terms of demand, affected by the continuous slump in the terminal steel market, downstream coking enterprises have poor purchasing enthusiasm, and online auction transactions are sluggish. Today, in some areas, the prices of coking coal continue to decline. Looking ahead, with the continuous production restrictions of coking plants and the arrival of the sixth round of coke price cuts, coking coal demand is expected to remain at a low level, so it is expected that coking coal prices will continue to weaken.