SMM Daily Review: Partial types of coking coal prices fell slightly, coking coal market continues to operate steadily

Today, the coking coal market overall operated steadily with a slight weakness, influenced by the continuous downward pressure of downstream demand. Today, coking coal prices in some areas fell slightly. In terms of supply, due to poor downstream demand, the operating rates of upstream coal mines and coal washing plants have decreased slightly, resulting in a slight tightening of coking coal supply. On the demand side, coking plants still mainly focus on demand procurement, with a quiet speculative atmosphere in the market and an overall demand deviation. Additionally, there is still an expectation of an eighth round of price cuts for coking coal, so coking coal prices are expected to continue to operate weakly in the short term.