SMM

【SMM Steel Morning Meeting Summary】The quoted price for low-sulphur coking coal in Linfen is 1,330 yuan/mt. The quoted price for low-sulphur coking coal in Tangshan is 1,370 yuan/mt. In terms of fundamentals, mines maintained normal operations, and supply remained stable. Downstream purchases were mainly based on previous orders, while traders were cautious in their purchases. Mines had fewer new orders, and shipments were sluggish. Auction transaction prices declined, and the number of failed auctions increased. The spot market for coking coal showed signs of weakening. In summary, the coking coal market is expected to gradually weaken in the short term.