On March 4, coking coal price was temporarily stable. According to the monitoring system of the SunSirs, as of March 4, the coking coal price index of the SunSirs was 1,454.75 RMB/ton, down - 2.02% from the beginning of the month.

Supply: Most of the coal mines have normal output, and the supply remains loose.

Downstream: the coke market continues to weaken. The demand for molten iron is weak due to the decline of molten iron production, and the purchasing atmosphere of steel plants is cold. Most of them consume their own inventory, which is insufficient for coking coal. On the whole, the downstream support is insufficient, the future bearish sentiment is strong, and the coking coal market price may continue to run weak.

According to the coking coal analysts of the SunSirs, the output of the supply side is normal, but the downstream demand is weak, the trading atmosphere is cold, and more inventory is consumed. It is expected that the coking coal market will maintain a weak operation in the later period, and the supply and demand situation and the transaction of building materials still need to be concerned in the future.

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