【SMM Daily Review: Another Coal Mine Accident in Shanxi, Coke Prices Remain Stable】

Despite another coal mine accident in Shanxi today, the futures of coking coal continued to show weak fluctuations. In terms of supply, the impact of the coal mine accident was limited and had limited impact on the supply side. At the same time, due to the slow pace of coal mine recovery, the supply of coking coal is becoming tighter overall. In terms of demand, downstream coke enterprises have good demand, and online auctions have been satisfactory, with prices of some coal types showing an upward trend. Therefore, in the short term, driven by renewed demand, coking coal prices may remain stable and trend towards strength.