1. In terms of supply, coking coal production mines, especially open-pit mines in northwest China, resumed work late and slowly for various reasons, and the domestic supply decreased compared with previous years.

2. In terms of imported coal, the number of customs clearance vehicles in Mongolia increased significantly after the Spring Festival, especially after February, the number of customs clearance vehicles remained above 800, with an obvious increase. In addition, Russia imported more coal after the Spring Festival, and many goods ordered around the Spring Festival began to arrive one after another. The inventory of ports has rebounded rapidly, mainly Russian coal, and the supply is relatively abundant.

3. On the demand side, due to the delay of coke price increase, the coking plant completed a round of replenishment considering the decrease of supply end and the expectation of coke price increase, which led to the first upward movement of coking coal price. As a result, the profits of coking plants have been further compressed, and now most coking plants in China are supported by the profits provided by chemical products.