The domestic market for coking coal was weak and adjusted. On the supply side, some coal mines in Luliang and other places completed monthly production tasks and stopped production this week. Daily production of raw coal decreased by 16,000 tons month-on-month, and inventory at the pit declined slightly, but the process of resuming production in the main production areas is still progressing in an orderly manner. Overall, expectations for short-term contraction and medium- to long-term easing on the supply side are still there. On the demand side, the average daily iron and water production of 247 steel mills this week was 2,318,700 tons, a decrease of 0.43 million tons over the previous month, continuing the downward trend. Profit levels remain low, downstream market trading sentiment continues to weaken, procurement enthusiasm is insufficient, and overall they insist on purchasing as needed.

The domestic market for coking coal was weak and adjusted. On the supply side, some coal mines in Luliang and other places completed monthly production tasks and stopped production this week. Daily production of raw coal decreased by 16,000 tons month-on-month, and inventory at the pit declined slightly, but the process of resuming production in the main production areas is still progressing in an orderly manner. Overall, expectations for short-term contraction and medium- to long-term easing on the supply side are still there. On the demand side, the average daily iron and water production of 247 steel mills this week was 2,318,700 tons, a decrease of 0.43 million tons over the previous month, continuing the downward trend. Profit levels remain low, downstream market trading sentiment continues to weaken, procurement enthusiasm is insufficient, and overall they insist on purchasing as needed.