Core Viewpoint - The coking coal futures market is showing strength, with the main contract reaching 808.0 CNY/ton, an increase of 2.15% [1] Supply Side - Safety inspections in the Linfen Guxian area have intensified, leading to the suspension of coal transportation from some mines and washing plants [2] - The Mongolian small TT company's online auction for coking coal saw all 10.24 million tons go unsold, with a starting price of 63.5 USD/ton, down 1.5 USD/ton from the previous auction [2] - The operating rate of 110 washing plants nationwide decreased by 2.23% to 59.10%, with a daily average output of 501,500 tons, a reduction of 8,400 tons from the previous period [2] Demand Side - Due to accidents, environmental regulations, and losses, many coal mines have reduced production, leading to a noticeable decrease in supply [3] - Coking enterprises are cautiously increasing their procurement, with improved transaction volumes for coking coal and a decrease in auction failure rates [3] - After four rounds of price reductions, coking enterprises are facing increased losses, leading to expectations of production cuts and cautious raw material procurement [3]

Group 1 - The main futures contract for coking coal has seen a daily decline of 4%, currently priced at 758.5 yuan per ton [1]