Group 1 - The main contract for coking coal futures experienced a sharp decline, reaching a low of 856.0 yuan, with a current price of 857.5 yuan, reflecting a drop of 3.27% [1] - Domestic coking coal market continues to operate under weak conditions, with pessimistic market sentiment and low inventory strategies maintained by end-users [1][2] - There is an expectation that coking coal prices may stabilize and rebound in mid to late May, contingent on the successful second bottoming of steel futures prices [1] Group 2 - Supply remains relatively ample despite some production reductions due to safety inspections and sales pressures in certain regions [2] - The demand side shows a continuous expectation of price declines in the coking market, with downstream coking enterprises maintaining low inventory strategies [2] - The overall supply-demand imbalance in the coking coal market has not significantly eased, with increasing inventory pressure in coal mines and negative feedback from the coking-steel industry chain [2]