At present, the coking coal market has started to decline steadily. Due to the limited production of coking plants, the pace of downstream procurement has slowed down, and some coking coal has begun to come under pressure. The specific analysis is as follows:

1. Supply: It is difficult to increase the coking coal mine in the producing area, and the supply of imported coking coal is limited, so the overall supply of coking coal is tight.

2. Demand: From the middle and late September to now, downstream steel coke enterprises have made great efforts to reduce production, and the pace of purchasing coking coal has slowed down, among which the market demand for blended coking coal has dropped significantly.

3. Downstream products: The first round of coke price reduction was started ahead of schedule on September 27th, and it is expected to drop by about three rounds. At present, the coking plant is in a normal game stage, but it is only a matter of time before the price reduction falls. On the one hand, at present, steel mills are making great efforts to reduce production and demand has slowed down; On the other hand, coke stocks in coking plants have also accumulated.