【SMM Daily Review: Coking coal futures performed strongly, coke prices remained stable】

Recently, coal mine accidents have occurred successively in Shanxi and Shandong regions, leading to a further tightening of market supply expectations. Affected by the news of the accidents, coking coal futures performed strongly today. In terms of fundamentals, although the coal mine accidents have had a relatively small impact on specific supply, the progress of coal mine resumption is still slower than expected, and the supply of coking coal continues to tighten. On the demand side, the downstream coking plant's operating rate remains high, and the demand side support for coking coal is still acceptable. Therefore, in the short term, coking coal prices will continue to remain stable with a slight upward trend.