News Summary Core Viewpoint - The independent coking enterprises in China show mixed operating rates, with varying trends based on production capacity, while there are price adjustments in the coking coal market due to demand and supply dynamics [1][3]. Group 1: Industry Operating Rates - The operating rate of independent coking enterprises with a designed capacity of less than 1 million tons is 66.02%, a decrease of 0.58% month-on-month [1]. - For enterprises with a designed capacity between 1 million and 2 million tons, the operating rate is 67.32%, down 0.24% month-on-month [1]. - Enterprises with a designed capacity greater than 2 million tons have an operating rate of 74.98%, an increase of 0.13% month-on-month [1]. Group 2: Price Adjustments - On August 4, some steel mills in Shandong raised the procurement price of coking coal by 55 yuan/ton, with the adjusted price for premium dry quenching metallurgical coke set at 1518 yuan/ton [1]. Group 3: Market Analysis - According to Guohai Futures, the supply-demand contradiction for coking coal and coke is not significant, with demand supported by high iron water levels, suggesting a cautious outlook [3]. - The resistance levels for coking coal are noted to be around 1100-1150 yuan/ton, while for coke, it is around 1600-1650 yuan/ton, indicating a short-term expectation of market fluctuations [3]. Group 4: Inventory and Profitability - As of August 4, the average loss per ton of coke for 30 independent coking plants in China is 45 yuan, reflecting profitability challenges [4]. - The total inventory of coking coal has increased for four consecutive weeks, indicating a shift in inventory from coal mines to downstream sectors [4].